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The most recent financial statements for GPS, Inc., are shown here: Income Statement Sales $23,857 Costs $14,322 Taxable income ? Taxes (40%) ? Net Income
The most recent financial statements for GPS, Inc., are shown here: Income Statement Sales $23,857 Costs $14,322 Taxable income ? Taxes (40%) ? Net Income ? Balance Sheet $53,160 Debt Assets $23,058 Equity ? Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,673 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $26,282. What is the external financing needed? (Negative amount should be indicated by a minus sign.) (Omit the "$" sign and commas in your response. Enter your answer rounded to the nearest whole dollar amount. For example, $1,200.456 should be entered as 1200.)
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