Chapter $4$

Question $5$

Input area:

The most recent financial statements for Assouad,Inc., are shown here:

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?

Output area:

Pro forma income statement

$\backslash$table$[[$Sales$,$$$10,005\mathrm{.}00,],[$Costs$,$$$,6,440\mathrm{.}00$ Please solve the output area