Please see below the financial statements of a company this year: Income Statement Sales $23,200...
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Finance
Please see below the financial statements of a company this year: Income Statement Sales $23,200 Assets Costs 17,200 Taxable $6,000 Total income Taxes (22%) 1,320 Net income $4,680 Balance Sheet $119.800 Debt Equity $119,800 Total $39,600 80,200 $119,800 We're told that both of the company's costs and assets are proportional to its sales, while items on the right side of the balance sheet are not The company's management aims to maintain a fixed payout ratio. This year, the company paid $1,560 as dividends to shareholders. Next year's sales are projected to be $28,100. What is the external financing needed? Multiple Choice
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