The most recent financial statements for Last in Line, Inc. are shown here:

The most recent financial statements for Last in Line, Inc. are shown here:    Assets and costs are proportional to sales. Debt and equity are not. A dividend of $992 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $21,830. What is the amount of the external financing need?    A.  $12,711 B.  $13,333 C.  $13,556 D.  $13,809 E.  $14,357

  

83.

The most recent financial statements for 7 Seas, Inc. are shown here:    Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 50 percent dividend payout ratio. Like every other firm in its industry, next year's sales are projected to increase by exactly 16 percent. What is the external financing need?    A.  $1,317.16 B.  $1,411.16 C.  $1,583.09 D.  $2,211.87 E.  $2,349.98

84.

The most recent financial statements for Benatar Co. are shown here:    Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. No external equity financing is possible. What is the internal growth rate?    A.  2.91 percent B.  3.44 percent C.  3.87 percent D.  4.02 percent E.  4.14 percent Internal growth rate = [($2,665.26/$42,883) × (1 - 0.40)]/{1 - [($2,665.26/$42,883) × (1 - 0.40)]} = 3.87 percent