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2 The most recent financial statements for Kerch, Incorporated, are shown here (assuming no income taxes) eBook Income Statement Sales $ 4,700 Costs 3.450 Net

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2 The most recent financial statements for Kerch, Incorporated, are shown here (assuming no income taxes) eBook Income Statement Sales $ 4,700 Costs 3.450 Net $1,250 income Balance Sheet Assets $15.400 Debt $ 11,100 Equity 4.300 Total $ 15,400 Total $ 15,400 References Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,961 What is the external financing needed? Multiple Choice $2,826 $2.296 $2.546 $2,416 $2.671

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