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.)

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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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
External financing needed
Balance Sheet
$74,800 Debt
Equity
$ 74,800
$38,100
36,700
Total $ 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
round intermediate calculations and round your answer to the nearest whole number,
e.g., 32.)
Transcribed Image Text: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 External financing needed Balance Sheet $74,800 Debt Equity $ 74,800 $38,100 36,700 Total $ 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 round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
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