Search Test Paper Set A BUSI 2093.docx Close Home Insert Layout Open in Desktop App Search B I . 4. The financial statement of Ruby & Company is as follows: Income Statement Sales Costs Taxable income Taxes 40% Net Income 26,400 17,300 9,100 3,640 5,460 Assets 65,000 Balance Sheet Debt Equity Total 27,400 Total 65,000 37,600 65,000 Assets and Costs are proportional to sales. Debt and Equity are not. A dividend of 3,200 was paid and the company wishes to maintain a constant pay out ratio (dividend). Next year's sales are projected to be 30,360. What is the external financing required? English US 672 words Te to search O E