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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
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 $1,490 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $29,400. What is the external financing needed? Multiple Choice $23,700 $175,738 $25,949 $29,322 $24,824
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