MC Qu. 80 The most recent financial data for... The most recent financial data f

Question

MC Qu. 80 The most recent financial data for... The most recent financial data for Ocean Movers, Inc. is: Sales Costs Taxes Net income Current assets Fixed assets Current liabilities Long-term debt Equity $19,700 15,250 1,513 2,937 3,018 18,282 2,940 7600 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 -$286 o $1.285 O $141 O $583

Explanation / Answer

The external financing need if the firm is currently operating at full capacity is

$1286

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