external financing
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Free InquiryA company has sales of €19,700, net income of €3,517, fixed assets of €18,282, current liabilities of €2,940, current assets of €3,018, long-term debt of €7,600, and equity of €10,760. 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. Next year’s sales are projected to increase by 7 percent. The firm is currently operating at full capacity. What is the amount of external financing needed?
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