The most recent financial statements for Bello, Inc., are shown here:

Income Statement Balance Sheet Sales$41,000 Assets$152,000 Debt$45,500 Costs 27,700 Equity 106,500 Taxable income$13,300 Total$152,000 Total$152,000 Taxes (22%) 2,926 Net income$10,374

Assets and costs are proportional to sales; debt and equity are not. A dividend of $3,650 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $47,150.

What is the external financing needed? (Do not round intermediate calculations.)

If Muenster, Inc., has an equity multiplier of 1.47, total asset turnover of 1.6, and a profit margin of 5.7 percent, what is its ROE? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

During the year, the Senbet Discount Tire Company had gross sales of $1.26 million. The company's cost of goods sold and selling expenses were $595,000 and $248,000, respectively. The company also had notes payable of $870,000. These notes carried an interest rate of 7 percent. Depreciation was $125,000. The tax rate was 25 percent.

a.What was the company's net income? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, rounded to the nearest whole dollar amount, e.g., 1,234,567.)

b.What was the company's operating cash flow? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, rounded to the nearest whole dollar amount, e.g., 1,234,567.)