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1: The most recent Financial Statement for Watchtower Inc. are shown here (Assume no income taxes) Income Statement Sales $5100 Cost $3400 Net Income $1
1: The most recent Financial Statement for Watchtower Inc. are shown here (Assume no income taxes)
Income Statement
Sales | $5100 |
Cost | $3400 |
|
|
Net Income | $1700 |
Balance sheet
Assets | Liabilities and Owners Equity |
Assetss 14500 | Debt 10, 200 |
|
|
| Equity 4300 |
Total Assets 14500 | Total 14500 |
Assets and costs are proportional to sales, Debt and Equity are not. No dividends are paid, next year slaes are projected to be $ 5967. What is the External Financing needed?
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