Business, 26.02.2021 04:10 jv910699

Income Statement Balance Sheet Sales $ 27,000 Assets $ 65,200 Debt $ 29,700 Costs 17,900 Equity 35,500 Taxable income $ 9,100 Total $ 65,200 Total $ 65,200 Taxes (24%) 2,184 Net income $ 6,916 We're told that both of the company's costs and assets are proportional to its sales, while items on the right side of the balance sheet are not. The company's management aims to maintain a fixed payout ratio. This year, the company paid $2,700 as dividends to shareholders. The analysts predict that the company's sales will be $31,320 in the next year. Calculate the external financing needed.

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Income Statement Balance Sheet Sales $ 27,000 Assets $ 65,200 Debt $ 29,700 Costs 17,900 Equity 35,5...

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