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The most recent financial statements for Assouad, Incorporated, are shown here: Income Statement Balance Sheet Sales $ 4,100 Current assets $ 3,600 Current liabilities $
The most recent financial statements for Assouad, Incorporated, are shown here: Income Statement Balance Sheet Sales $ 4,100 Current assets $ 3,600 Current liabilities $ 970 Costs 2,300 Fixed assets 6,600 Long-term debt 3,620 Taxable income $ 1,800 Equity 5,610 Taxes (24%) 432 Total $ 10,200 Total $ 10,200 Net income $ 1,368 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 60 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? Multiple Choice $1,239.36 $1,139.36 $1,383.36 $724.00 $1,189.36
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