The most recent financial statements for Bradley’s Bagels, Inc., are shown here (assuming no income taxes):

Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year’s sales are projected to be $5,320. What is the external financing needed?

Transcribed Image Text:

Income Statement Sales Costs Net income $3,800 1,710 $2,090 Assets Total Balance Sheet $13,300 $13,300 Debt Equity Total $ 9,200 4,100 $13,300