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The most recent financial statements for GPS, Inc., are shown here (Do not include the dollar sign ($). Round your answer to 2 decimal places.
The most recent financial statements for GPS, Inc., are shown here (Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g., 32.16)): Income Statement Balance Sheet Sales $20,000 Assets $96,768 Debt $21,168 Costs 16,000 Equity 75,600 Taxable income $4,000 Total $96,768 Total $96,768 Taxes (34%) 1,360 Net income $2,640 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,056 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $23,800. The external financing needed is
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