Item4 10 points Time Remaining 37 minutes 39 seconds00:37:39 PrintItem 4Item 4 10 points Time Remaining 37 minutes 39 seconds00:37:39 MC Qu. 4-A13 Hungry Howie s is currently operating at... Hungry Kids 2012 Income Statement Net sales $ 4,200 Cost of goods sold 2,900 Depreciation 660 Earnings before interest and taxes $ 640 Interest paid 145 Taxable Income $ 495 Taxes 192 Net income $ 303 Dividends $ 56 Addition to retained earnings $ 247 Hungry Kids 2012 Balance Sheet 2012 2012 Cash $ 45 Accounts payable $ 825 Accounts rec. 420 Long-term debt 1,520 Inventory 910 Common stock $ 2,100 Total $ 1,375 Retained earnings 3,130 Net fixed assets 6,200 Total assets $ 7,575 Total liabilities & equity $ 7,575 Hungry Kids is currently operating at full capacity. The profit margin and the dividend payout ratio are held constant. Net working capital and fixed assets vary directly with sales. Sales are projected to increase by 4 percent. What is the external financing need? Multiple Choice $42 $43 $13 $12 $44