Assume that you are at your firm's fiscal year end and that you have been given the

following information about the firm:

Sales this year $=$$$2,000$

Sales next year $=$$$2,500$

Sales increase projected for the coming year of $25\%=$$$500$

Net income this year $=$$$250$

Dividend payout rate $($all years$)=50$ percent

Current accounts payable $=$$$500$

Current accrued wages and taxes $=$$$200$

Also assume that, except for the accounts noted, there were no other current liabilities.

that all assets and spontaneous liabilities can be expressed as a percent of sales, that the

firm's profit margin, dividend payout rate, etc., will remain constant over the coming

year, and that the firm has calculated that its additional funds needed over the coming

year will be $$100.$ Given this information, and using the equation method, determine the

firm's current level of total assets