Question: Given the following information: assets = $900ccoutre payable = $110: notes payable = $100: long-term debt = $150; equity = $540: sales = $450; costs

Given the following information: assets = $900ccoutre payable = $110: notes

Given the following information: assets = $900ccoutre payable = $110: notes payable = $100: long-term debt = $150; equity = $540: sales = $450; costs = $400; tax rate = 34%; dividends = $16.50. Costs, assets, and accounts payable maintain a constant ratio to sales. How much external financing is needed if sales increase 15% and the dividend payout ratio is constant

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