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Use the following information to answer Questions 29-32 The Expo Company has the most recent financial statements as follows. The current liabilities are consisted solely

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Use the following information to answer Questions 29-32 The Expo Company has the most recent financial statements as follows. The current liabilities are consisted solely of accounts payables. The company maintains a constant dividend payout ratio. The , projected sales growth over the next year is 10%. Balance Sheet Income Statement Liabilities and Owners' Equity Assets 4,200.0 Current Assets900.0 Current Liabilities 500.0 Sales 3,800.0 Net fixed assets 2,100.0 Long-term debt Costs 1,600.0 400.0 Owners' equity Taxable Income 900.0 136.0 Taxes (34%) Common stock &APIC 700.0 Net Income 264.0 Retained earnings 200.0 Total liabilities and owners' Dividends 105.6 Total Assets 3,000.0 equity 3,000.0 Addition to retained earnings 158.4 29. Use the percentage of sales approach and assume the company is operating at fll apacity,. What is the external financing needed (EFN)? A. $75.8 B. 87.8 C. $91.2 D. S104.8 E. S108.0 30 Use the percentage of sales approach and assume the company is operating at 95% capacity. what is the external financing needed (EFN)? A. -S1052 B. -S92.0 C. -$52.4 D. -$39.7 E. S10.6 31. If the Expo Company does not want to incur any additional external financing, what is the maximum rate of growth the firm could achieve? A. 4.60 percent B. 5.57 percent C. 13.67 percent D. 21.36 percent E. 29.25 percent rate of 32. If the Expo Company decides growth can it maintain assuming that no additional external equity finaneing is available? A. 4.60 percent B. 5.57 percent C. 13.67 percent D. 21.36 percent E. 29.25 percent to maintain a constant debt-equity ratio, what is the maximum

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