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5. EFN IL02] The most recent financial statements for Assouad, Inc., are shown here: Z Income Statement Balance Sheet 3,900 Current liabilities 8,600 Long-term debt
5. EFN IL02] The most recent financial statements for Assouad, Inc., are shown here: Z Income Statement Balance Sheet 3,900 Current liabilities 8,600 Long-term debt Sales Costs Taxable income Taxes (25%) $7,900 Current assets 2,100 3,700 6,700 5,500 Fixed assets $2,40o 600 $1,800 Equity $12,500 Total 4. 0 Total $12,500 Net income Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 40 percent dividend payou ratio.p As with every other firm in is industry, next year's sales are projected to increase by exactly 15 percent. What is the external financing needed
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