J&J Construction had the following results for this year: Sales of $20,000; Assets of $10,000; Current liabilities of $200; Return on Sales of 10%. If they are projecting a growth in sales of 20% and a dividend payout of 50%, calculate their external financing required. (Assume that assets, current liabilities, and income grow at the same rate as sales.)

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The Answer of J&J Construction had the following results for this year: Sales of $20,000; Assets of $10,000; Current liabilities of $200; Return on Sales of 10%. If they are projecting a growth in sales of 20% and a dividend payout of 50%, calculate their external financing required. (Assume that assets, current liabilities, and income grow at the same rate as sales.)

J&J Construction Had the Following Results for This Year: Sales