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) Sales 570 Costs 456 Net income 114 Balance sheet ($ million) Current assets 228 Debt 342 912 798 Fixed assets Total assets Equity Total 1,140 1,140 Sales, assets and costs are expected to grow by 33% next year. The company is expected to pay out 80% of net income in the form of dividends and to keep its debt-equity ratio constant. 18 Attempt 2/10 for 6 pts. Part 1 What is the external financing needed (EFN) for next year (in $ million)? 0+ decimals Submit
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