Here are the abbreviated financial statements for Planners Peanuts:
INCOME STATEMENT, 2012
Sales $ 4,000
Cost 3,100
Net income $900
BALANCE SHEET, YEAR-END
2011 2012 2011 2012
Assets $ 5,500 $ 6,000 Debt $ 833 $ 1,000
Equity 4,667 5,000
Total $ 5,500 $ 6,000 Total $ 5,500 $ 6,000
If the dividend payout ratio is fixed at 50%, calculate the required total external financing for growth rates in 2013 of 25%, 30%, and 35%. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
External
Financing
25% $
30%
35%
