Question: If the dividend payout ratio in problem 9 is fixed at 50%, calculate the required total external financing for growth rates in 2016 of 15%,
If the dividend payout ratio in problem 9 is fixed at 50%, calculate the required total external financing for growth rates in 2016 of 15%, 20%, and 25%.
Income Statement, 2015
Sales................$2,000
Costs.................1.500
Net income.........$ 500
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