Here are the abbreviated financial statements for Planner's Peanuts: INCOME STATEMENT, 2019 Sales Cost Net income Assets

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Here Are The Abbreviated Financial Statements For Planner S Peanuts Income Statement 2019 Sales Cost Net Income Assets 1 (51.74 KiB) Viewed 29 times

Here are the abbreviated financial statements for Planner's Peanuts: INCOME STATEMENT, 2019 Sales Cost Net income Assets Total (a) (b) (c) $11,000 8,700 $ 2,300 25% 30% 35% BALANCE SHEET, YEAR-END 2019 $11,000 2018 $10,500 $10,500 $11,000 Assets are proportional to sales. If the dividend payout ratio is fixed at 50%, calculate the required total external financing for growth rates in 2020 of (a) 25%, (b) 30%, and (c) 35%. (Do not round intermediate calculations. Round your answers to 2 decimal places.) 2019. $1,000 10,000 External Financing Need 2018 Debt $ 853 Equity 9,647 Total $10,500 $11,000