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The most recent financial statements for Assouad, Incorporated, are shown here: Income Statement Sales $ 3,800 Current assets Balance Sheet Current $ 5,100 $ 970
The most recent financial statements for Assouad, Incorporated, are shown here: Income Statement Sales $ 3,800 Current assets Balance Sheet Current $ 5,100 $ 970 liabilities 5,400 Long-term debt 3,630 Equity 5,900 $ 10,500 Total $ 10,500 2,500 $ 1,300 Fixed assets Costs Taxable income Taxes (22%) Net income 286 Total $ 1,014 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 $2,149.90 $2,490.90 $2.199.90 $1,089.00 o $2,249.90
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