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The most recent financial statements for Xporter, Inc., are shown here: Income Statement Sales $6,813 Costs $5,829 Taxable Income ? Taxes (34%) ? Net Income
The most recent financial statements for Xporter, Inc., are shown here:
Income Statement | |
Sales | $6,813 |
Costs | $5,829 |
Taxable Income | ? |
Taxes (34%) | ? |
Net Income | ? |
Balance Sheet | |||
Current Asset | $3,578 | Current Liabilities | $2,047 |
Fixed Asset | $9,726 | Long Term Debt | $3,565 |
Equity | ? |
Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 21 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? (round 2 decimal places)
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