Question: Intro Dell Computers sells computers and related electronics online. Its most recent income statement and balance sheet are given below: Income statement ($ million) Sales
Intro Dell Computers sells computers and related electronics online. Its most recent income statement and balance sheet are given below: Income statement ($ million) Sales 630 Costs 504 Net income 126 Balance sheet ($ million) Current assets 250 Fixed assets 1,000 Total assets 1,250 Debt Equity Total 375 875 1,250 Sales, assets and costs are expected to grow by 13% next year. The company is expected to pay NO dividend next year, and wants to keep its debt-equity ratio constant Part 1 IB Attempt 1/10 for 10 pts. What is the external financing needed (EFN) for next year (in $ million)? No decimals Submit
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