MHC - Chapter 4 Homework 10 Saved Owen's Electronics has nine operating plants in seven southwestern states. Sales for last year were $100 million, 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 liabilities will vary directly with sales. The firm is working at full capacity. 1 points Cash Assets Accounts receivable Inventory eBook Current assets Fixed assets Hint Total assets Balance Sheet (in $ millions) Liabilities and Stockholders' Equity $ 14 Accounts payable $ 25 30 Accrued wages 12 $ 75 31 Accrued taxes 48 Notes payable Common stock Retained earnings 16 Current liabilities $ 53 20 23 27 $123 Total liabilities and stockholders' equity $ 123 Print References Owen's Electronics has an aftertax profit margin of 7 percent and a dividend payout ratio of 40 percent. If sales grow by 30 percent next year, determine how many dollars of new funds are needed to finance the growth. Note: Do not round intermediate calculations. Enter your answer in dollars, not millions, (e.g.. $1,234,567). New funds