the balance sheet for the serden company is shown below for sales of $300000. using the...

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Finance

the balance sheet for the serden company is shown below forsales of $300000. using the percentage of sales method, assuming nolong-term debt is paid off how much outside financing isrequired?(assume net profit to sales is 6 percent, payout ratio is60 percent of net income, and sales increase 40 percent during2019).
serden company balance sheet as of Dec. 31, 2018
cash    $15,000
accounts receivable    $60,000
inventory $90,000
current assets $165,000
fixed assets $30,000
total assets    $195,000
------------------
accounts payable $30,000
accruals    15,000
notes payable    0
total current liabilities 45,000
long-term debt    90,000
total debt    135,000
capital stock 60,000
retained earnings    0
total debt and net worth 195,000
-------
a. 61,500
b. 49,920
c. 60,800
d. 72,000
e. 36,900

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the balance sheet for the serden company is shown below forsales of $300000. using the percentage of sales method, assuming nolong-term debt is paid off how much outside financing isrequired?(assume net profit to sales is 6 percent, payout ratio is60 percent of net income, and sales increase 40 percent during2019).serden company balance sheet as of Dec. 31, 2018cash $15,000accounts receivable $60,000inventory $90,000current assets $165,000fixed assets $30,000total assets $195,000------------------accounts payable $30,000accruals 15,000notes payable 0total current liabilities 45,000long-term debt 90,000total debt 135,000capital stock 60,000retained earnings 0total debt and net worth 195,000-------a. 61,500b. 49,920c. 60,800d. 72,000e. 36,900