The board of abc would like sales to grow to 810500 in 2017


ABC Company has collected the following data for 2016:

Sales        675,000

Costs           498,000

Assets       900,000

Debt           450,000

Equity       450,000

Dividends       46,020

Tax rate           35%

The board of ABC would like sales to grow to $810,500 in 2017. 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?

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Financial Management: The board of abc would like sales to grow to 810500 in 2017
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