The most recent financial statements for gps, inc., are shown here: income statement balance sheet sales $24,000 assets $122,000 debt $35,600 costs 16,500 equity 86,400 taxable income $7,500 total $122,000 total $122,000 taxes (30%) 2,250 net income $5,250 assets and costs are proportional to sales. debt and equity are not. a dividend of $1,570 was paid, and the company wishes to maintain a constant payout ratio. next year's sales are projected to be $28,100. what is the external financial needed?

Arguments made against free trade include all of the following exceptdumping is an unfair trade practice that puts domestic producers of substitute goods at a disadvantage that they should be protected against. national defense considerations justify producing certain goods domestically whether the country has a comparative advantage in their production or not. free trade is inflationary and should be restricted in the domestic interest. if foreign governments subsidize their exports, foreign firms that export are given an unfair advantage that domestic producers should be protected against. infant industries should be protected from free trade so that they may have time to develop and compete on an even basis with older, more established foreign industries.