P4-4 EFN (LO2] The most recent financial statements for Cardinal, Inc., are shown here: Balance Sheet $122,000 Debt Equity $32,600 89,400 Income Statement Sales $22,000 Assets Costs 17,000 Taxable $5,000 Total income Taxes (24%) 1,200 Net income $3,800 $122,000 Total $122,000 Assets and costs are proportional to sales. Debt and equity are not. A dividend of was paid, and the company wishes to maintain a constant payout ratio. Next year' are projected to be $29,100. What is the external financing needed? P4-4 EFN (LO2] The most recent financial statements for Cardinal, Inc., are shown here: Balance Sheet $122,000 Debt Equity $32,600 89,400 Income Statement Sales $22,000 Assets Costs 17,000 Taxable $5,000 Total income Taxes (24%) 1,200 Net income $3,800 $122,000 Total $122,000 Assets and costs are proportional to sales. Debt and equity are not. A dividend of was paid, and the company wishes to maintain a constant payout ratio. Next year' are projected to be $29,100. What is the external financing needed