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Eagle Sports Supply has the following financial statements Assume that Eagle s assets are proportional to its sales. INCOME STATEMENT

Eagle Sports Supply has the following financial statements. Assume that Eagle s assets are proportional to its sales. INCOME STATEMENT, 2017 Sales ...................................... $950 Costs ........................................ 250 Interest ...................................... 50 Taxes ....................................... 150 Net income .............................. $500 a. Find Eagle s required external funds if it maintains a dividend payout ratio of 70% and plans a growth rate of 15% in 2018. b. If Eagle chooses not to issue new shares of stock, what variable must be the balancing item? c. What will be the value of this balancing item?

Apr 01 2020 View more View Less

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