The most recent financial statements for Assouad, Incorporated, are shown here: Income Statement Sales Costs Taxable income Taxes (24%) Net income $3,600 2,200 $1,400 336 $1,064 Multiple Choice O $1,647.50 Current assets $4,200 6,200 Fixed assets What is the external financing needed? O $1,935.00 Total Balance Sheet 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 25 percent. $10,400 Current liabilities Long-term debt Equity Total $950 3,630 5,820 $ 10,400

The most recent financial statements for Assouad, Incorporated, are shown here: 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 25 percent. What is the external financing needed? Multiple Choice $1,647,50 $1,935.00