Question: the most recent financial statements for heine inc are shown...
The most recent financial statements for Heine, Inc., are shown here:
|Income Statement||Balance Sheet|
Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,600 was paid, and the company wishes to maintain a constant payout ratio. Next year’s sales are projected to be $31,020.
What is the external financing needed? (Do not round intermediate calculations.)
External financing needed $ __________________________