The Most Recent Financial Statements for Last in Line, Inc

Multiple Choice

The most recent financial statements for Last in Line, Inc.are shown here: Assets and costs are proportional to sales.Debt and equity are not.A dividend of $992 was paid, and the company wishes to maintain a constant payout ratio.Next year's sales are projected to be $21,830.What is the amount of the external financing need?

A) $12,711
B) $13,333
C) $13,556
D) $13,809
E) $14,357