Business, 15.02.2021 20:00, mathewsjayden45

The most recent financial statements for Summer Tyme, Inc., are shown here: Income Statement Balance Sheet Sales $3,600 Current assets $4,300 Current liabilities $910 Costs 2,500 Fixed assets 4,900 Long-term debt 3,570 Taxable income $1,100 Equity 4,720 Taxes (33%) 363 Total $9,200 Total $9,200 Net income $737 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 60 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? (Do not round your intermediate calculations.)EFN = needed new long-term debt and/or external equity$1,931.5$892.5$1,704$1,654$1, 754

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