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The most recent financial statements for Assouad, Inc., are shown here: $830 Income Statement Balance Sheet Sales Current $3,600 Current assets $3,900 liabilities Costs 2,100
The most recent financial statements for Assouad, Inc., are shown here: $830 Income Statement Balance Sheet Sales Current $3,600 Current assets $3,900 liabilities Costs 2,100 Fixed assets 4700 Long-term debt Taxable income $1,500 Equity Taxes (24%) 360 Total $8,600 Total Net income $1,140 3,590 4,180 $8,600 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 50 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 20 percent What is the external financing needed? Multiple Choice $870.00 $920.00 $1,036.00 $718.00 O $820.00
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