Please see below Company U's financial statements in 2020: $970 Income Statement Balance Sheet Current...
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Please see below Company U's financial statements in 2020: $970 Income Statement Balance Sheet Current Sales $4,000 Current assets $4,700 liabilities Costs 2,200 Fixed assets Long-term 5.700 debt Taxable income $1,800 Equity Taxes (21%) 378 Total $10,400 Total Net income $1.422 3,500 5,930 $10,400 We know that Company U's Assets, costs, and current liabilities are proportional to sales while long-term debt and equity are not Analysts predict a 25 percent growth in Company U's sales in 2021. The management wants to maintain a constant 80 percent dividend payout ratio. Calculate the EFN (external financing needed) Multiple Choice $2,052.00 $1.952.00 $2,244.50 $875.00 $2.002.00
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