4 The most recent financial statements for Assouad, Inc., are shown here: nts $900 Income Statement Balance Sheet Current Sales $3,500 Current assets $5,000 liabilities Long-term Costs 2,000 Fixed assets 5,800 debt Taxable income $1,500 Equity Taxes (24%) 360 Total $10,800 Total Net income $1,140 3,610 eBook 6,290 $10,800 Print eferences Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 50 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 20 percent. What is the external financing needed? $1,246.00 $1,476.00 $1,296.00 $1,346.00 $722.00