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(Choose 1 answer)
Income Statement
Balance Sheet
Sales
$400
Asset
$1,200
Cost
$200
Debt
Equity $600
$600
Taxes
$50
Total
$1,200 Total $1,200
Net Income
$150
The most recent financial statements for Alpha
Co. are shown below.
Assets and costs are proportional to sales.
Debt is not. A dividend of $90 was paid, and
Alpha wants to maintain a constant payout to
net income. Next year's sales are projected to
be $480. What is external financing needed
(EFN)?
A. $240
B. $168
C. $60
D. $132
FUQ.sh
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