EFN the most recent financial statements for Last in Line, Inc., are shown here: Assets and costs

Question:

EFN the most recent financial statements for Last in Line, Inc., are shown here: Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,560 was paid, and the company wishes to maintain a constant payout ro. Next year??s sales are projected to be $27,600. What is the external financing needed?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...