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value 10.00 points Here are the abbreviated financial statements for Planners Peanuts Sales Cost INCOME STATEMENT, 2012 $6,500 5,100 Net income $1,400 BALANCE SHEET, YEAR-END
value 10.00 points Here are the abbreviated financial statements for Planners Peanuts Sales Cost INCOME STATEMENT, 2012 $6,500 5,100 Net income $1,400 BALANCE SHEET, YEAR-END 2011 2012 2011 633 $1,000 2012 Assets $10,500 $11,000 Debt 10,000 Eqity 9,867 11,000 Total $10,500 $11,000 Total $10,500 $ If the dividend payout ratio is fixed at 50%, calculate the required total external financing for growth rates in 2013 of 15%, 20%, and 25%. (Do not round intermediate calculations. Round your answers to 2 decimal places.) External Financing 15% 20% 25%
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