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Proforma balance sheet for the upcoming year is given. The estimated net income is $2,621.60. If the company is planning to pay $500 dividends, what should be the external financing needs (EFN)? Proforma (Balance Sheet Assets $20,972.80 Total $20,972.80 )(Debt $11,000.00 Equity $10,181.60 Total $21,181.60) Multiple Choice a. -$208.8. b. $291.2. c. $208.8. d. $500. e. -$500.

Proforma balance sheet for the upcoming year is given. The estimated net income is $2,621.60. If the company is planning to pay $500 dividends, what should be the external financing needs (EFN)? Proforma (Balance Sheet Assets $20,972.80 Total $20,972.80 )(Debt $11,000.00 Equity $10,181.60 Total $21,181.60) Multiple Choice a. -$208.8. b. $291.2. c. $208.8. d. $500. e. -$500.

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Proforma balance sheet for the upcoming year is given. The estimated net income is $2,621.60. If the company is planning to pay $500 dividends, what should be the external financing needs (EFN)? Proforma (Balance Sheet Assets $20,972.80 Total $20,972.80 )(Debt $11,000.00 Equity $10,181.60 Total $21,181.60)

Multiple Choice
a. -$208.8.
b. $291.2.
c. $208.8.
d. $500.
e. -$500.

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