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The most recent financial statements for Reply, Inc., are shown here: Balance Sheet $ 28,6

The most recent financial statements for Reply, Inc., are shown here: Balance Sheet $ 28,6

The most recent financial statements for Reply, Inc., are shown here: Balance Sheet $ 28,600 Assets $61,100 Debt Income State Sales Costs $25,700 Equity 35,400 20,600 Taxable income $ 8,000Total $61,100 Total $61,100 Taxes (40%) 3,200 Net income 4,800 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,100 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $34,320. What is the external financing needed? (Do not round intermediate calculations.) External financing needed

 

Abhinav 02-Dec-2019

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