Abc company has collected the following data for 2016sales, Ask an Expert

Finance

ABC Company has collected the following data for 2016:

Sales 675,000

Costs 498,000

Assets 900,000

Debt 450,000

Equity 450,000

Dividends 46,020

Tax rate 35%

The board of ABC would like sales to grow to $810,500 in 2017. 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?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92256956

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