A dividend of $1,050 was paid, and Martin wishes to maintain a constant payout ratio. Next year’s…


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A dividend of $1,050 was paid, and Martin wishes to maintain a constant payout ratio. Next year’s… 1 answer below » EFN The most recent financial statements for Martin, Inc., are shown here: Income Statement Balance Sheet Sales $27,500 Assets $105,000 Debt $43,000 Costs -19,450 Equity 62,000 Taxable income $8,050 Total $105,000 Total $105,000 Taxes (34%) -2,737 Net income $5,313 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,050 was paid, and Martin wishes to maintain a constant payout View complete question » EFN The most recent financial statements for Martin, Inc., are shown here: Income Statement Balance Sheet Sales $27,500 Assets $105,000 Debt $43,000 Costs -19,450 Equity 62,000 Taxable income $8,050 Total $105,000 Total $105,000 Taxes (34%) -2,737 Net income $5,313 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,050 was paid, and Martin wishes to maintain a constant payout ratio. Next year’s sales are projected to be $31,000. What is the external financing needed? View less » Jul 08 2014 12:37 PM

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