Question: Problem 6 Intro Dell Computers sells computers and related electronics online. Its most recent income statement and balance sheet are given below: Income statement (million)
Problem 6 Intro Dell Computers sells computers and related electronics online. Its most recent income statement and balance sheet are given below: Income statement (million) Sales 690 Costs 552 Net income 138 Balance sheet ($ million) Current assets 264 Fixed assets 1,056 Total assets 1,320 396 Debt Equity Total 924 1,320 Sales, assets and costs are expected to grow by 23% next year. The company is expected to pay out 70% of net income in the form of dividends and to keep its debt-equity ratio constant. IB Attempt 1/10 for 10 pts. Part 1 What is the external financing needed (EFN) for next year (in S million)? + decimals Submit
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
