Chapter 4 Homework set 6 Saved Help Save & Exit Submit Check my work 2 The most recent financial statements for Assouad, Inc., are shown here: Income Statement Sales Costs Balance Sheet Current 3,750 liabilities assets Current points Long-termm debt 6,250 Fixed assets 9,100 4,050 Skipped Taxable $2,650 income Equity 6,325 cBook Taxes (22%) 583 Total $12,850 Total $12,850 Hint Print Net income $2,067 References 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 15 percent. What is the external financing needed? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) External financing needed Mc Graw KPrev 2 of 3 Next>