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The most recent financial statements for Mixton, Incorporated, are shown here: Income Statement Sales Costs $38,400 26,400 Balance Sheet Assets $139,000 Debt Equity $
The most recent financial statements for Mixton, Incorporated, are shown here: Income Statement Sales Costs $38,400 26,400 Balance Sheet Assets $139,000 Debt Equity $ 39,000 100,000 Taxable income $ 12,000 Total $ 139,000 Total $139,000 Taxes (24%) 2,880 Net income $9,120 Assets and costs are proportional to sales; debt and equity are not. A dividend of $3,000 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $43,776. What is the external financing needed? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) External financing needed
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