4.EFN The most recent financial statements for Martin, Inc., are shown here:,Income Statement,Sales $25,800,Costs 16.500,Taxable income $ 9,300,Taxes (34%) 3,162,Net income $ 6,138,Balance Sheet,Assets $113,000 Debt $ 20,500,Equity 92,500,Total $113,000 Total $113,000,,Assets and costs are proportional to sales. Debt and equity are not. A dividend of,$1,841.40 was paid, and Martin wishes to maintain a constant payout ratio. Next,year’s sales are projected to be $30,960. What external financing is needed?,,SEE ATTACHMENT FOR # 4,,,
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