The Most Recent Financial Statements for 7 Seas, Inc

question 67

Multiple Choice

The most recent financial statements for 7 Seas, Inc.are shown here: 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.Like every other firm in its industry, next year's sales are projected to increase by exactly 16 percent.What is the external financing need?

• A)$1,317.16
• B)$1,411.16
• C)$1,583.09
• D)$2,211.87
• E)$2,349.98

---

Definitions:

Reading Skills

The abilities required for interpreting written language, including comprehension, decoding, and fluency.

Grab Bars

Safety devices installed in bathrooms or other areas to assist people in maintaining balance, standing up, or maneuvering safely around the space.

Shower Stool

A stool designed for use in the shower to assist individuals who have difficulty standing for long periods.

Bath Oils

Oils added to bathwater to moisturize and soften the skin during a bath.