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The most recent financial statements for Rely, Inc., are shown here: Income Statement: Sales $ 2 8 , 6 0 0 , Costs $ 2
The most recent financial statements for Rely, Inc., are shown here: Income Statement: Sales $ Costs $ Taxes Net Income $ Balance Sheet: Asset $ Total Asset $ Debit $ Equity $ Total $ Assets and costs are proportional to sales. Debts and equity are not. A dividend of $ was paid, and the company wishes to maintain a constant payout ratio. Next years sales are projected to be $ What is the external financing needed? a Sale gtowth b Assuming costs and assets increase proportionslly, the pro forma financial statement will look like this: Proforma Income Statement: Sales $ Costs EBIT $ Taxes Net Income $ Pro forma balance sheet: Asset $ Debt$ Equity...., Toal Assets $ Net income $c Assume constant payout ratio dividend d Addition to ratsined earnings e New equity bance f EFN
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