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The most recent financial statements for Xporter, Inc., are shown here: Income Statement Sales $7,226 Costs $5,947 Taxable Income ? Taxes (34%) ? Net
The most recent financial statements for Xporter, Inc., are shown here: Income Statement Sales $7,226 Costs $5,947 Taxable Income ? Taxes (34%) ? Net Income ? Balance Sheet Current Asset $3,836 Current Liabilities $2,203 Fixed Asset $9,810 Long Term Debt $3,733 Equity ? Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 16 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 13 percent. What is the external financing needed? (Negative amount should be indicated by a minus sign.) (Omit the "$" 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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