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Basic

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Basic

(continued )

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,445.40 was paid, and Schism wishes to maintain a constant payout ratio. Next year's sales are projected to be $24,000. What is the external financing needed?

EFN The most recent financial statements for 2 Doors Down, Inc., are shown here:

Income Statement

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