The most recent financial statements for Mixton, Incorporated, are shown here: Income Statement Sales Costs $38,400...

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The most recent financial statements for Mixton, Incorporated, are shown here: Income Statement Sales Costs $38,400 26,400 Balance Sheet Assets $139,000 Debt Equity $ 39,000 100,000 Taxable income $ 12,000 Total $ 139,000 Total $139,000 Taxes (24%) 2,880 Net income $9,120 Assets and costs are proportional to sales; debt and equity are not. A dividend of $3,000 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $43,776. What is the external financing needed? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) External financing needed The most recent financial statements for Mixton, Incorporated, are shown here: Income Statement Sales Costs $38,400 26,400 Balance Sheet Assets $139,000 Debt Equity $ 39,000 100,000 Taxable income $ 12,000 Total $ 139,000 Total $139,000 Taxes (24%) 2,880 Net income $9,120 Assets and costs are proportional to sales; debt and equity are not. A dividend of $3,000 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $43,776. What is the external financing needed? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) External financing needed

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To calculate the external financing needed for Mixton Incorporated we first need to determine the pr... View the full answer