Question
The most recent financial statements for Xporter, Inc., are shown here: Income Statement Sales $7062 Costs $5789 Taxable Income ? Taxes (34%) ? Net Income
The most recent financial statements for Xporter, Inc., are shown here: Income Statement Sales $7062 Costs $5789 Taxable Income ? Taxes (34%) ? Net Income ? Balance Sheet Current Asset $3750 Current Liabilities $2453 Fixed Asset $9635 Long Term Debt $3626 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 years sales are projected to increase by exactly 13 percent. What is the external financing needed?
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