Practice Exam I-Finance 301

Long-term debt and equity are not. The company maintains a constant 50 percent dividend payout ratio. As with every other firm in its industry, next year’s sales are projected to increase by exactly 15 percent. What is the external financing needed? Next Year: Sales = 3,910. Costs = 3,220. Taxable Income = 690. Taxes (34%) = 234.6. Net Income ... ................
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