The Most Recent Financial Statements for Last in Line, Inc

question 74

Multiple Choice

The most recent financial statements for Last in Line, Inc. are shown here: Assets and costs are proportional to sales. Debt and equity are not. A dividend of $992 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $21,830. What is the amount of the external financing need?

• A)$12,711
• B)$13,333
• C)$13,556
• D)$13,809
• E)$14,357

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