-The most recent financial statements for Last in Line,Inc.are shown here:
Assets and costs are proportional to sales.Debt and equity are not.A dividend of $992 was paid,and the company wishes to maintain a constant payout ratio.Next year's sales are projected to be $21,830.What is the amount of the external financing need?

Question

-The most recent financial statements for Last in Line,Inc.are shown here: 
Assets and costs are proportional to sales.Debt and equity are not.A dividend of $992 was paid,and the company wishes to maintain a constant payout ratio.Next year's sales are projected to be $21,830.What is the amount of the external financing need?

Quizplus · Accepted Answer

The Answer of  
-The most recent financial statements for Last in Line,Inc.are shown here: 
Assets and costs are proportional to sales.Debt and equity are not.A dividend of $992 was paid,and the company wishes to maintain a constant payout ratio.Next year's sales are projected to be $21,830.What is the amount of the external financing need?

-The Most Recent Financial Statements for Last in Line,Inc