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Business, 23.09.2019 15:30 landowatson123

Green lumber has total sales of $387,200 on total assets of $429,600, current liabilities-to-sales ratio of 11.62 percent, dividend payout ratio of 41.60 percent, and net profit margin of 14.90 percent. assume that all costs, assets, and current liabilities change spontaneously with sales. the tax rate and dividend payout ratios remain constant. if the firm's managers project a firm growth rate of 12 percent for next year, that is, sales will increase by $46,464 to $433,664, what will be the amount of external financing needed (efn) to support this level of growth? (hint: use the efn formula. choose the closest answer) group of answer choices

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Green lumber has total sales of $387,200 on total assets of $429,600, current liabilities-to-sales r...
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