The most recent financial statements for a buisness are shown here: ...
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Finance
The most recent financial statements for a buisness are shown here:
Sales
10,000.00
Cash
420.00
A/C Payables
650.00
Costs
8,000.00
Receivables
720.00
Note Payable
250.00
Other Expenses
220.00
Inventory
1020.00
Total CL
900.00
EBIT
1,780.00
Total CA
2160.00
LTD
1950.00
Interest Payment
300.00
Comm Stock & APIC
1700.00
EBT
1,480.00
Net Fixed Assets
4850.00
Retained Earnings
2460.00
Tax@21%
310.80
Total
7010.00
Total D+E
7010.00
NI
1,169.20
Dividend
491.06
All the assets, costs, other expenses, and accounts payables are proportional to sales and the sales are projected to increase by 12 percent. Interest expense will remain the same and the firm maintains a constant payout ratio. No external debt or equity will be issued. What is the external financing need?
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