Question: Please provide step by step answers: Jim's caf has the following income statement and balance sheet in 2 0 2 4 . The caf expects

Please provide step by step answers:
Jim's caf has the following income statement and balance sheet in 2024. The caf expects sales to grow by 10% next year. Assume no change on total debt in 2025, and 90% of its net income will be paid out to shareholders in 2025. Using the percentage of sales method, find out the amount of net new financing needed for the caf in 2025. Income
Statement for Jim's caf in 2024 Balance Sheet for Jim's caf in 2024:
Please provide step by step answers: Jim's caf

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