6. Calculating EFN (LO4, CFA8) The most recent financial statements for Bradley, Inc., are shown here (assuming

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6. Calculating EFN (LO4, CFA8) The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes):

Income Statement Balance Sheet Sales $4,800 Assets $14,200 Debt $ 9,900 Costs (3,180) Equity 4,300 Net income $1,620 Total $14,200 Total $14,200 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year’s sales are projected to be $6,240. What is the external financing needed?

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Fundamentals Of Investments Valuation And Management

ISBN: 9781260013979

9th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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