7 Problem 4-27 Percent-of-sales method (LO4-3] Dont Owen's Electronics has nine operating plants in seven southwestern states Sales for last year were 500 milion, and the balance Sheet at year end is similar in percentage of sales to that of previous years and this will continue in the future. All assets including fixed assets and current abilities will vary drectly with sales. The firm is working at a capacity Anato 5 7 kunt recevoile Tory Currentes Fets Balance Sheet in sis) Llaves stockholdersity | Accounts payable 20 Accruedas 24 Accutanes 190 Current liabilities tots payable Costock Retained 5104 Total Halities they 12 12 Tutel mit Owen's Electronics has an after a profit margin of 6 percent and a dividend payout ratio of 40 percent if sales grow by 25 percent next year, determine how many dollars of new funds are needed to finance the growth (Do Intermediate calculations. Enter your answer in dollars, not millions, leg. $1,234,567) round Now unde