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Find what is the external financing needed for next year

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Reference no: EM132634832

Intro - Dell Computers sells computers and related electronics online. Its most recent income statement and balance sheet are given below:

Income statement ($ million)        Balance sheet ($ million)

Sales 730                      Current assets 278           Debt 417

Costs 584                     Fixed assets 1,112            Equity 973

Net income 146            Total assets 1,390             Total 1,390

 Sales, assets and costs are expected to grow by 17% next year. The company pays out 60% of net income in the form of dividends, and wants to keep its debt-equity ratio constant.

Problem 1: What is the external financing needed (EFN) for next year (in $ million)?

 

Reference no: EM132634832

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