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The most recent financial statements for Xporter, Inc., are shown here: Balance Sheet Income Statement Sales Costs S 7,100 Current assets S 3,800 Current liabilities
The most recent financial statements for Xporter, Inc., are shown here: Balance Sheet Income Statement Sales Costs S 7,100 Current assets S 3,800 Current liabilities 2,200 5,850 Fixed assets 9,800 Long-term debt 3,750 7,650 $13,600 Taxable income $1,250 Equity Taxes (34%) 425 Total $13,600 Total Net income $ 825 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 20 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 12 percent. What is the external financing needed? (Round your answer to 2 decimal places. (e.g., 32.16)) External financing needed
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