Calculate external financing required

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K&k company had the following results for this year: Sales of $20,000; assets of $10,000: Current liabilities of $200; Return on Sales of 10%. if they are projecting a growth in sales of 20% and a dividend payout of 50%, calculate their external financing required. (assume that assets, current liabilities, and income grow at the same rate as sales.

Reference no: EM1361791

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