The most recent financial statements for Marpole Inc. are shown here (assuming no income taxes): Assets and

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The most recent financial statements for Marpole Inc. are shown here (assuming no income taxes):

| Statement of Comprehensive Income Statement of Financial Position Debt Assets Sales $ 6,300 3,890 $ 2,410 $18,300 $12,


Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year’s sales are projected to be $7,434. What is the external financing needed?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Fundamentals of Corporate Finance

ISBN: 978-0071051606

8th Canadian Edition

Authors: Stephen A. Ross, Randolph W. Westerfield

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