What will be the external financing needed

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Reference no: EM131813952

TLC Company has collected the following data for 2017:

Sales 475,000

Costs 298,000

Assets 600,000

Debt 200,000

Equity 400,000

Dividends 69,030

Tax rate 35%

The board of XYZ would like sales to grow to $560,500 in 2018. They plan to keep the dividend payout ratio the same. They know that assets and costs will grow proportionate to sales, but debt and equity will not. What will be the external financing needed?

Reference no: EM131813952

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