Here are the abbreviated financial statements for Planners Peanuts: INCOME STATEMENT, 2012 Sales $ 8,500 Cost 6,700 Net income s $ 1,800 BALANCE SHEET, YEAR-END 2011 2012 2011 2012 Asset 5,500 6,000 $ $ Debt $ 853 Equit $ 4,647 1,000 5,000 y Total 5,500 $ 6,000 $ Total 5,500 $ $ 6,000 If the dividend payout ratio is fixed at 50%, calculate the required total external financing for growth rates in 2013 of 25%, 30%, and 35%. (Do not round intermediate calculations. Round your answers to 2 decimal places.) External Financing 25% 30% 35% $ View complete question » Here are the abbreviated financial statements for Planners Peanuts: INCOME STATEMENT, 2012 Sales $ 8,500 Cost 6,700 Net income s $ 1,800 BALANCE SHEET, YEAR-END 2011 2012 2011 2012 Asset 5,500 6,000 $ $ Debt $ 853 Equit $ 4,647 1,000 5,000 y Total 5,500 $ 6,000 $ Total 5,500 $ $ 6,000 If the dividend payout ratio is fixed at 50%, calculate the required total external financing for growth rates in 2013 of 25%, 30%, and 35%. (Do not round intermediate calculations. Round your answers to 2 decimal places.) External Financing 25% 30% 35% $ Document Preview: Here are the abbreviated financial statements for Planners Peanuts:
INCOME STATEMENT, 2012
Sales
$
8,500
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6,700
Net income
$
1,800
BALANCE SHEET, YEAR-END
2011
2012
2011
2012
Assets
$
5,500
$
6,000
Debt
$
853
$
1,000
Equity
4,647
5,000
Total
$
5,500
$
6,000
Total
$
5,500
$
6,000
If the dividend payout ratio is fixed at 50%, calculate the required total external financing for growth rates in 2013 of 25%, 30%, and 35%. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
External Financing
25%
$
30%
35% Attachments: Q-Attachment…..docx
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