The most recent financial statements for Assouad, Incorporated, are shown here: ...
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Finance
| The most recent financial statements for Assouad, Incorporated, are shown here: |
| Income Statement | Balance Sheet | ||||
|---|---|---|---|---|---|
| Sales | $ 4,200 | Current assets | $ 5,300 | Current liabilities | $ 840 |
| Costs | 2,200 | Fixed assets | 6,600 | Long-term debt | 3,570 |
| Taxable income | $ 2,000 | Equity | 7,490 | ||
| Taxes (25%) | 500 | Total | $ 11,900 | Total | $ 11,900 |
| Net income | $ 1,500 | ||||
| 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? |
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