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Business, 05.05.2020 23:34 1232444553

The most recent financial statements for Heine, Inc., are shown here: Income Statement Balance Sheet Sales $ 28,600 Assets $ 61,100 Debt $ 25,700 Costs 20,600 Equity 35,400 Taxable income $ 8,000 Total $ 61,100 Total $ 61,100 Taxes (40%) 3,200 Net income $ 4,800 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,100 was paid, and the company wishes to maintain a constant payout ratio. Next year’s sales are projected to be $34,320. What is the external financing needed?

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The most recent financial statements for Heine, Inc., are shown here: Income Statement Balance Sheet...

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