Owen's Electronics has 90 operating plants in seven southwestern states.

Owen's Electronics has 90 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.Owen's has an aftertax profit margin of 7 percent and a dividend payout ratio of 40 percent. If sales grow by 10 percent next year, determine how many dollars of new funds are needed to finance the growth.(See attachment for full question)Problem 21.Owenâs Electronics has 90 operating plants in seven southwesternstates. Salesfor last year were $100 million, and the balance sheet at year-end issimilar inpercentage of sales to that of previous years (and this will continue inthe future).All assets (including fixed assets) and current liabilities will varydirectlywith sales.Owenâs has an aftertax profit mar gin of 7 percent and a dividendpayout ratioof 40 percent.If sales grow by 10 percent next year, determine how many dollars of newfunds are needed to finance the growth.