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The most recent financial statements for Summer Tyme, Inc., are shown here: Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity
The most recent financial statements for Summer Tyme, Inc., are shown here: Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 50 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 25 percent. Required: What is the external financing needed? (Do not round your intermediate calculations.) Multiple Choice $2,207.5 $2,157.5 $887.5 $2,107.5 $2,387.5
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