Given
the compressed version of balance sheet and income statement, estimate the
amount of external financing needed to increase sales by 20% next year. (Use
percentage of sales method)
(Dividend payout is 50%)
Balance
Sheet (End of the Year)
Assets $2,000 Debt $1000
Equity $1000
Total $2000 $2000
Total $2000 $2000
Income
Statement
Sales
$1000
Costs 800
Net
Income 200
SOLUTION PREVIEW
Balance Sheet End of year
| |||
Assets
|
2,000
|
Debt
|
1,000
|
Equity
|
1,000
| ||
Total
|
2,000
|
Total
|
2,000
|
