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Current financial information for Henri Corp. are presented below Income Statement Balance Sheet Sales $3,700 Current assets $3,500 Current liabilities $970 Costs 1,800 Fixed assets

Current financial information for Henri Corp. are presented below

Income Statement Balance Sheet
Sales $3,700 Current assets $3,500 Current liabilities $970
Costs

1,800

Fixed assets 5,800 Long-term debt 3,640
Taxable income $1,900 Equity 4,690
Taxes (23%) 437 Total

$9,300

Total

$9,300

Net income

$1,463

Costs, current liabilities and assets are assumed to grow in proportion to sales. While long-term debt and equity are not. Assume the firm has a constant 50 percent dividend payout ratio. Analysts assume that next year's sales are projected to increase by exactly 25 percent.

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