The most recent financial statements for Cardinal, Incorporated, are shown here: Income Statement Sales Costs Taxable income Taxes (22%) Net income $ 22,900 Assets 17,400 $5,500 1,210 $4,290 Total Balance Sheet $ 105,000 What is the external financing needed? $ 105,000 Debt $ 39,600 Equity 65,400 $ Total 105,000 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,510 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $28,200.

The most recent financial statements for Cardinal, Incorporated, are shown here: Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,510 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $28,200. What is the external financing needed? The most recent financial statements for Cardinal, Incorporated, are shown here: Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,510 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $28,200. What is the external financing needed