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The most recent financial statements for Mixton, Incorporated, are shown here: Income Statement Balance Sheet Sales $30,200 Assets $71,600 Debt $35,300 Costs 18,300 Equity 36,300
The most recent financial statements for Mixton, Incorporated, are shown here: Income Statement Balance Sheet Sales $30,200 Assets $71,600 Debt $35,300 Costs 18,300 Equity 36,300 {:[" Taxable "],[" income "]:} $11,900 Total $71,600 Total $71,600 Taxes (24%) 2,856 Net income $9,044 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $3,500 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $33,220. 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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