Business, 16.02.2021 01:20 Realieeee15

The most recent financial statements for Summer Tyme, Inc., are shown here: Income Statement Balance Sheet Sales $4,200 Current assets $3,900 Current liabilities $850 Costs 2,000 Fixed assets 5,800 Long-term debt 3,490 Taxable income $2,200 Equity 5,360 Taxes (31%) 682 Total $9,700 Total $9,700 Net income $1,518 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 50 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 25 percent. Required: What is the external financing needed

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The most recent financial statements for Summer Tyme, Inc., are shown here: Income Statement Balance...

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