The most recent (2019) financial statements for Scott, Inc., appear below. Sales for 2020 are projected...

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The most recent (2019) financial statements for Scott, Inc., appear below. Sales for 2020 are projected to grow by 20 percent. Interest expense will remain constant; the tax rate (20%) and the dividend payout rate (60%) also will remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. Suppose the firm wishes to keep its debt-equity ratio constant. How much new equity should be raised for 2020 (round to the closest whole number)? 2019 Income statement information 2019 Balance sheet information Sales 6200 Debt 31000 Costs 1300 Equity 56000 Interest 1400 expense Your Answer: Answer 13 The most recent (2019) financial statements for Scott, Inc., appear below. Sales for 2020 are projected to grow by 20 percent. Interest expense will remain constant; the tax rate (20%) and the dividend payout rate (60%) also will remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. Suppose the firm wishes to keep its debt-equity ratio constant. How much new equity should be raised for 2020 (round to the closest whole number)? 2019 Income statement information 2019 Balance sheet information Sales 6200 Debt 31000 Costs 1300 Equity 56000 Interest 1400 expense Your Answer: Answer 13