TLC Company has collected the following data for 2019: Sales 475,000 Costs 298,000 Assets 600,000 Debt...

 

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TLC Company has collected the following data for 2019: Sales 475,000 Costs 298,000 Assets 600,000 Debt 200,000 400,000 55,932 21% Equity Dividends Tax rate The board of XYZ would like sales to grow to $560,500 in 2020. They plan to keep the dividend payout ratio the same. They know that assets and costs will grow proportionate to sales, but debt and equity will not. What will be the external financing needed? I TLC Company has collected the following data for 2019: Sales 475,000 Costs 298,000 Assets 600,000 Debt 200,000 400,000 55,932 21% Equity Dividends Tax rate The board of XYZ would like sales to grow to $560,500 in 2020. They plan to keep the dividend payout ratio the same. They know that assets and costs will grow proportionate to sales, but debt and equity will not. What will be the external financing needed? I

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Lets go through these steps one by one 1 Calculate Net Income for 2019 Net Income Sales Costs Divide... View the full answer