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The most recent financial statements for Assouad, Incorporated, are shown here: Income Statement Sales $ 3,600 Current assets $ 800 Balance Sheet Current $ 4,900

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The most recent financial statements for Assouad, Incorporated, are shown here: Income Statement Sales $ 3,600 Current assets $ 800 Balance Sheet Current $ 4,900 liabilities 6,500 Long-term debt Equity $ 11,400 Total Fixed assets Costs Taxable income Taxes (24%) Net income 2,800 $ 800 192 $ 608 3,610 6,990 $ 11,400 Total 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 30 percent What is the external financing needed? Multiple Choice $2,834.80 $3,024.80 $1,083.00 $2,784.80 $2,734.80

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