Multiple Choice
The following balance sheet and income statement should be used: 
Assume that Taylor, Inc. is operating at full capacity. Also assume that assets and costs vary directly with sales but liabilities do not. The dividend payout ratio and profit margin are constant. What is the external financing need if sales increase by 10%?
A) $478.60
B) $622.00
C) $788.20
D) $1,912.60
E) $2,056.00
Correct Answer:
Verified
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