The most recent financial statements for Assouad, Inc., are shown here: Income Statement Balance Sheet Sales $4,400 Curr

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The Most Recent Financial Statements For Assouad Inc Are Shown Here Income Statement Balance Sheet Sales 4 400 Curr 1 (53.5 KiB) Viewed 12 times

The most recent financial statements for Assouad, Inc., are shown here: Income Statement Balance Sheet Sales $4,400 Current assets $3,800 $800 Long-term Costs 2,000 Fixed assets 6,300 3,490 Taxable income $2,400 Equity 5,810 Taxes (22%) 528 Total $10,100 Total $10,100 Net income $1,872 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 40 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? Current liabilities debt