Calculating EFN The most recent fi nancial statements for Bradley, Inc., are shown here (assuming no income
Question:
Calculating EFN The most recent fi nancial statements for Bradley, Inc., are shown here
(assuming no income taxes):
Income Statement Balance Sheet Sales $4,400 Assets $13,400 Debt $ 9,100 Costs 2,685 Equity 4,300 Net income $1,715 Total $13,400 Total $13,400 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year’s sales are projected to be $5,192. What is the external fi nancing needed? LO.1
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