Wombat Inc. Income Statement Balance Sheet ...
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Finance
Wombat Inc.
| Income Statement | Balance Sheet | ||||
| Sales | $3,600 | Current assets | $4,700 | Current liabilities | $900 |
| Costs | 1,900 | Fixed assets | 4,900 | Long-term debt | 3,570 |
| Taxable income | $1,700 |
|
| Equity | 5,130 |
| Taxes (34%) | 578 | Total | $9,600 | Total | $9,600 |
| Net income | $1,122 |
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| Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 40% dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 25%. |
| Required: |
| What is the external financing needed? (Do not round) |
Multiple Choice
A. $1,283.5
B. $1,333.5
C. $1,383.5
D. $1,558.5
E. $892.5
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