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The most recent financial statements for Assouad, Inc., are shown here: Income Statement Sales Costs Balance Sheet Current 4,800 liabilities Current $3000 $10.300 Current Long
The most recent financial statements for Assouad, Inc., are shown here: Income Statement Sales Costs Balance Sheet Current 4,800 liabilities Current $3000 $10.300 Current Long term 4,540 7,300 Fixed ssets 9,800 . debt Taxable$3,000 income Equity 7060 Taxes (24%) 720 Total $14.600 Total $14.600 Net income $ 2,280 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 19 percent. What is the external financing needed? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 3216.) External financing needed
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