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The most recent financial statements for Moone Tours, Inc, appear below. Sales for 2015 are projected to grow by 25 percent Interest expeme will remain
The most recent financial statements for Moone Tours, Inc, appear below. Sales for 2015 are projected to grow by 25 percent Interest expeme will remain constant tax rate and the dividend payout me biso remain constant Costs, other expenses, current assets fired assets and accounts payable increase spontaneously with sales MOOSE TOURS, INC 2015 Income Statement Sales 5763.000 Costs 598.000 Other expenses 19.000 Earnings before interest and taxes $146.000 Interesse 10 000 Taxable income $136.000 Taxes (20%) 27 200 Net income 5108800 Dividende 521760 Addition to retained earnings 87040 Cash MOOSE TOURS, INC Balance Sheet as of December 31, 2015 Auto Les and Owners' Equity Current assets Current liabilities $ 22200 Accounts payable S5600 Accounts receivable 34300 Notes payable 15.00 Inventory 71 520 Total $ 12.000 Total 5128320 Long-term delt $145.000 Feeds Oures at Net plant and equipment 5420.000 Contmon stock and paid in surplus $132.000 Retained caming Total assets $548,320 Total labilities and owners out $548320 the firm is operating at full capacity and no new debt or equity is issued, what extemanancing is needed to support the 25 percent growth rate in sales? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32) External financing needed
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