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The most recent financial statements for Assouad, Inc., are shown here: Income Statement Sales $11,500 Balance Sheet Current Current $ 5,700 assets liabilities Fixed assets
The most recent financial statements for Assouad, Inc., are shown here: Income Statement Sales $11,500 Balance Sheet Current Current $ 5,700 assets liabilities Fixed assets 10,400 Long-term debt $3,450 Costs ed 8,200 4,960 Taxable income $3,300 ok Equity 7,690 ht Taxes (24%) 792 Total $ 16,100 Total $16,100 ences Net income $2,508 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 35 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 19 percent LE to search o
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