Question: What is the external financing needed?????? The most recent financial statements for GPS, Inc., are shown here: Income Statement Balance Sheet Sales $ 34,000 Assets

What is the external financing needed??????

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

Income Statement Balance Sheet

Sales $ 34,000 Assets $ 57,700 Debt $ 22,500

Costs 24,500 Equity 35,200

Taxable income $9,500 Total $ 57,700 Total $ 57,700

Taxes (40%) 3,800

Net income $ 5,700

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,000 was paid, and the company wishes to maintain a constant payout ratio. Next year

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