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The most recent financial statements for Cornwall, Inc., are shown here: Income Statement Balance Sheet Sales $ 6 , 4 0 0 Current assets Current
The most recent financial statements for Cornwall, Inc., are shown here: Income Statement Balance Sheet Sales $ Current assets Current $ $ liabilities Long term Costs Fixed assets debt Taxable $ Equity income Taxes Total $Total $ Net income $ Assets, costs, and current liabilities are proportional to salesLongterm debt and equity are not. The company maintains a constant percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly percent. What is the external financing needed? Do not round intermediate calculations and round your answer to decimal places eg
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