Question
The most recent financial statements for the Xporter, Inc. are shown here: Income Statement Balance Sheet Sales $7,200 Current assets $3,900 Current Liabilities $2,200 Fixed
The most recent financial statements for the Xporter, Inc. are shown here:
Income Statement Balance Sheet
Sales $7,200 Current assets $3,900 Current Liabilities $2,200
Fixed Assest $9,800 Long-term debt $3,750
Cost $5,900
Total $13,700 Equity $7,750
Taxable Income $1300
Taxes (34%) 442 Total: $13,700
Net Income $858
Assets, costs, and current liability are proportional to sales, long-term debt and equity are not. The company maintains a constant 40 percent dividend payout ratio.As with every other firm in its industry, next year's sales are projected to increase bt exactly 15 percent.
What is the external financing needed? ( Round the answer to 2 decimal places).
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