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Home / Questions / 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

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 View more View Less

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