Calculate United's Total Assets If the Firm Expects Sales to Grow

Multiple Choice

Calculate United's total assets if the firm expects sales to grow by 15% this year and the earnings after tax will be $50,000.United paid $20,000 in dividends last year and expects to increase dividends 10% this year.The firm will need additional financing of $25,000 to finance the expected growth.

A) $393,333
B) $590,000
C) $226,667
D) $616,000