Intro Dell Computers sells computers and related electronics online. Its most recent income statement and...
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Intro Dell Computers sells computers and related electronics online. Its most recent income statement and balance sheet are given below: Income statement ($ million) Balance sheet ($ million) Sales 580 276 Debt 414 Costs 464 Current assets Fixed assets Total assets 1,104 Equity 966 Net income 116 1,380 Total 1,380 Sales, assets and costs are expected to grow by 11% next year. The company is expected to pay NO dividend next year, and wants to keep its debt-equity ratio constant Part 1 B Attempt 1/10 for 8 pts. What is the external financing needed (EFN) for next year (in $ million)? 34.69 Try again Try again See solution (-2 pts.)
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