Question: The most recent financial data for Ocean Movers, Inc. is: Sales $19,700 Costs 15,250 Taxes 1,513 Net income 2,937 Current assets 3,018 Fixed assets 18,282

The most recent financial data for Ocean Movers, Inc. is: Sales

The most recent financial data for Ocean Movers, Inc. is: Sales $19,700 Costs 15,250 Taxes 1,513 Net income 2,937 Current assets 3,018 Fixed assets 18,282 Current liabilities 2,940 Long-term debt 7,600 Equity 10,760 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 50 percent dividend payout ratio. Next year's sales are projected to increase by 7 percent. What is the external financing need if the firm is currently operating at full capacity? $912 $583 -$141 -$286 $1,285

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