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Saved yEx03 for Chapter Four (Part 2) The most recent financial statements for Assouad, Inc,...

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Accounting

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Saved yEx03 for Chapter Four (Part 2) The most recent financial statements for Assouad, Inc, are shown here: Balance Sheet Current s 4,050 liabilities 2,625 4,190 Sales Sles $9300 Current liabilities 6.550 Fixed assets 9,300 Long-term 9,300 debt Costs Taxable $2750 income Equity 6.535 Taxes (22%) 605 Total $13,350 Total $13.350 Net income S 2145 Assets, costs, and current liabilities are proportional to sales Long-term debt and equity are not. The company maintains a constant 44 percent dividend payout ratio. As with every other firm in its industry, next years sales are projected to increase by exactly 17 percent What is the external tnencing needed? (Do not round intermediete calculations ond round your answer to 2 decimal places. .g. 32.16. 10, 5111 Next> TOSHIBA 4 5 678 9 0

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