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A firm's most recent simplified financial statements are shown below. The firm expects Sales to increase 11% next year. Assume there are no income taxes.
A firm's most recent simplified financial statements are shown below. The firm expects Sales to increase 11% next year. Assume there are no income taxes. Assets and Expenses are proportional to Sales, but Debt and Equity are not. The firm does not plan to pay dividends. How much external financing will the firm require to support its growth? (Enter your answer to the nearest whole dollar. Do not enter a dollar sign or any commas. For example, if your answer is $123,456.789, enter 123457 . Do not worry if Canvas adds commas.)
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