Fast pls solve this question correctly in 5 min pls I will give u like for sureSavtrik The most recent financial statements for Assouad, Incorporated, are shown here:Income StatementSales$ 4,400Costs2,200Taxable income $2,200Taxes (21%)462$ 1,738Net incomeMultiple ChoiceWhat is the external financing needed?$1,074.00Current assetsFixed assets$1,720.30Total$1,482.30Balance SheetAssets, costs, and current liabilities are proportional to sales. Long-term debt and equityare not. The company maintains a constant 50 percent dividend payout ratio. As withevery other firm in its industry, next year's sales are projected to increase by exactly 30percent.$ 3,7005,800$ 9,500CurrentliabilitiesLong-term debtEquityTotal$ 9603,5804,960$ 9,500Prev2 of 5Next >

External financing represents funds required by the firm for business operations from external…

The most recent financial statements for Assouad, Incorporated, are shown here: Income Statement Sales Costs Taxable income Taxes (21%) Net income $ 4,400 2,200 $2,200 462 $ 1,738 Multiple Choice What is the external financing needed? C $1,074.00 O $1,720.30 Current assets Fixed assets Total $1,482.30 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 50 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 30 percent. Balance Sheet $3,700 5,800 $ 9,500 Current liabilities Long-term debt Equity Total $ 960 3,580 4,960 $ 9,500

The most recent financial statements for Assouad, Incorporated, are shown here: Income Statement Sales Costs Taxable income Taxes (21%) Net income $ 4,400 2,200 $2,200 462 $ 1,738 Multiple Choice What is the external financing needed? C $1,074.00 O $1,720.30 Current assets Fixed assets Total $1,482.30 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 50 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 30 percent. Balance Sheet $3,700 5,800 $ 9,500 Current liabilities Long-term debt Equity Total $ 960 3,580 4,960 $ 9,500

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 3PA: Macon Mills is a division of Bolin Products. Inc. During the most recent year, Macon had a net...

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