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The most recent financial statements for Assouad, Inc., are shown here: $850 Income Statement Balance Sheet Current Sales $3,600 Current assets $4,300 liabilities Costs 2,100
The most recent financial statements for Assouad, Inc., are shown here: $850 Income Statement Balance Sheet Current Sales $3,600 Current assets $4,300 liabilities Costs 2,100 Fixed assets 5,600 Long-term debt Taxable income $1,500 Equity Taxes (22%) 330 Total $9,900 Total Net income $1,170 3,630 5,420 $9,900 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 40 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
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