Kindlly fast pleaseee try in text form The most recent financial statements for Acer, Incorporated, are shown here:Income StatementSalesCostsTaxableincomeTaxes (24%)Net income$31,800 Assets18,500$ 13,3003,192$ 10,108TotalExternal financing neededBalance Sheet$74,800 DebtEquity$ 74,800$38,10036,700Total $ 74,800Assets and costs are proportional to sales. Debt and equity are not. A dividend of$3,900 was paid, and the company wishes to maintain a constant payout ratio. Nextyear's sales are projected to be $36,570. What is the external financing needed? (Do notround intermediate calculations and round your answer to the nearest whole number,e.g., 32.)

Answer Particulars Current Next Year Sales $31,800.00 $36,570.00 Cost $18,500.00 $21,275.00…

The most recent financial statements for Acer, Incorporated, are shown here: Income Statement Sales Costs Taxable income Taxes (24%) Net income $31,800 Assets 18,500 $ 13,300 3,192 $10,108 Total Balance Sheet $74,800 Debt Equity $74,800 Total $38,100 36,700 $74,800 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $3,900 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $36,570. What is the external financing needed? (Do not ound intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

The most recent financial statements for Acer, Incorporated, are shown here: Income Statement Sales Costs Taxable income Taxes (24%) Net income $31,800 Assets 18,500 $ 13,300 3,192 $10,108 Total Balance Sheet $74,800 Debt Equity $74,800 Total $38,100 36,700 $74,800 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $3,900 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $36,570. What is the external financing needed? (Do not ound intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 6MCQ

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