The most recent financial statements for Martin, Inc., are shown here: Sales Costs Taxable income Taxes (21%) Net income

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The Most Recent Financial Statements For Martin Inc Are Shown Here Sales Costs Taxable Income Taxes 21 Net Income 1 (102.14 KiB) Viewed 16 times

The most recent financial statements for Martin, Inc., are shown here: Sales Costs Taxable income Taxes (21%) Net income Assets Total Income Statement EFN $28,000 -16,800 $11, 200 -2,352 $8,848 Balance Sheet $114,800 Debt Equity $114,800 Total $45,000 69,800 $114,800 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,060 was paid, and Martin wishes to maintain a constant payout ratio. Next year's sales are projected to be $33,880. What is the external financing needed? (Do not round intermediate calculations. Round your answer to 2 decimal places.)