Evaulate the external financing needed

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Reference no: EM132070076

The most recent financial statements for GPS, Inc., are shown here:

Income Statement
Sales	$23816
Costs	$12615
Taxable Income	?
Taxes (40%)	?
Net Income	?

Balance Sheet
Assets	$51853	Debt	$23771
		Equity	?

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1996 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $27317.

What is the external financing needed?

Reference no: EM132070076

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