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Business, 21.02.2020 02:41 EnzoF17

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,200 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $33,000. What is the external financing needed?Income Statement Balance SheetSales 30,000 Assets 56,100 Debt 20,500Costs 22,000 Equity 35,600Taxable Income 8,000 Total 56,100 Total 56,100Taxes (40%) 3200 Net Income 4800

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Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,200 was paid,...
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