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The most recent financial statements for Reply, Inc., are shown here Balance Sheet Income

The most recent financial statements for Reply, Inc., are shown here Balance Sheet Income Statement $27,900 26,900 Assets 63,700 Debt Sales Costs 18,800 Equity 35,800 Taxable income 8,100 Total $63,700 Total $63,700 3,240 Taxes (40%) Net income 4,860 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,300 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $30,935. What is the external financing needed? (Do not round intermediate calculations.) External financing needed

Dec 02 2019 Read more Less More

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