The most recent financial statements for 7 Seas,Inc.are shown here:
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.Like every other firm in its industry,next year's sales are projected to increase by exactly 16 percent.What is the external financing need?
A) $1,317.16
B) $1,411.16
C) $1,583.09
D) $2,211.87
E) $2,349.98
Correct Answer:
Verified
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