Business, 10.10.2019 04:00, jorgeb12316

The most recent financial statements for summer tyme, inc., are shown here: income statement balance sheet sales $3,900 current assets $5,300 current liabilities $840 costs 2,300 fixed assets 6,400 long-term debt 3,630 taxable income $1,600 equity 7,230 taxes (33%) 528 total $11,700 total $11,700 net income $1,072 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 30 percent. what is the external financing needed? (do not round your intermediate calculations.)

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The most recent financial statements for summer tyme, inc., are shown here: income statement balanc...