Question
The most recent financial statements for Xporter, Inc., are shown here: Income Statement Sales $7294 Costs $5623 Taxable Income ? Taxes (34%) ? Net Income
The most recent financial statements for Xporter, Inc., are shown here:
Income Statement | |
Sales | $7294 |
Costs | $5623 |
Taxable Income | ? |
Taxes (34%) | ? |
Net Income | ? |
Balance Sheet | |||
Current Asset | $3808 | Current Liabilities | $2014 |
Fixed Asset | $9729 | Long Term Debt | $3879 |
Equity | ? |
Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 24 percent dividend payout ratio. As with every other firm in its industry, next years sales are projected to increase by exactly 15 percent.
What is the external financing needed? (Negative amount should be indicated by a minus sign.)
(Omit the "$" sign and commas in your response. Enter your answer rounded to 2 decimal places. For example, $1,200.456 should be entered as 1200.46.)
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