The most recent financial statements for Xporter, Inc., are shown here:

Income Statement
Sales	$7294
Costs	$5623
Taxable Income	?
Taxes (34%)	?
Net Income	?

Balance Sheet
Current Asset	$3808	Current Liabilities	$2014
Fixed Asset	$9729	Long Term Debt	$3879
		Equity	?

Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 24 percent dividend payout ratio. As with every other firm in its industry, next year’s sales are projected to increase by exactly 15 percent.

What is the external financing needed? (Negative amount should be indicated by a minus sign.)

(Omit the "$" sign and commas in your response. Enter your answer rounded to 2 decimal places. For example, $1,200.456 should be entered as 1200.46.)

Answer rating: 100% (QA)

To calculate the external financing needed for Xporter Inc we need to follow these steps 1 Ca... View the full answer