Corn Dog Corp expects net income next year to be $602,000. Inventory and accounts receivable will have to be increased by $296,000 to accommodate this sales level. Corn Dog will pay dividends of $401,000. How much external financing will Corn Dog need assuming no organically generated increase in liabilities?
Multiple Choice
$115,000
$206,000
$75,000
$95,000

Question

Corn Dog Corp expects net income next year to be $602,000. Inventory and accounts receivable will have to be increased by $296,000 to accommodate this sales level. Corn Dog will pay dividends of $401,000. How much external financing will Corn Dog need assuming no organically generated increase in liabilities?

Multiple Choice

$115,000

$206,000

$75,000

$95,000

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