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The most recent financial statements for Assouad, Incorporated, are shown here: Income Statement Balance Sheet Sales $ 4,200 Current assets $ 4,400 Current liabilities $
The most recent financial statements for Assouad, Incorporated, are shown here: Income Statement Balance Sheet Sales $ 4,200 Current assets $ 4,400 Current liabilities $ 880 Costs 2,300 Fixed assets 4,800 Long-term debt 3,650 Taxable income $ 1,900 Equity 4,670 Taxes (23%) 437 Total $ 9,200 Total $ 9,200 Net income $ 1,463 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
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