Find below the Company's financial statements for year 2525. Balance Sheet, 12/31/2525 Income, 1/4 -...
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Finance
Find below the Company's financial statements for year 2525. Balance Sheet, 12/31/2525 Income, 1/4 - 12/31/2525 $330 Cash & securities $1,400 Current liabilities Sales $25,300 $810 Inventory $1,240 Debt total.costs $24.800 $3.300 PPSE $1,800 Stockholders equity net income $500 $4,440 Total assets $4,440 dividends $170 new retained earnings $330 For 2526 the company plans 13.10% sales growth. They plan to hold constant the asset turnover (sales total assets) and payout ratio (=dividends-net income). They plan to increase Current Liabilities spontaneously with sales, while holding Debt constant Suppose the company decides to hold constant their net profit margin (=net income sales). Given the above plan, how much external financing is needed for year 2526? $33 $25 $30 $28 $23 RI a * g hp
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