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Balance Sheet ($ 000 Millions) Income Statement ($ in Millions) Assets 2010 Liabilities 2010 and Owners' 2010 Equity Sales 2,100 Current Current Cost of Assets
Balance Sheet ($ 000 Millions) Income Statement ($ in Millions) Assets 2010 Liabilities 2010 and Owners' 2010 Equity Sales 2,100 Current Current Cost of Assets Liabilities 1,500 Goods Sold Cash 300 Accounts 300 Taxable Payable 600 Income Accounts 250 Notes 500 Taxes 150 Receivable Payable Net Income 450 Inventory 700 Total 800 Current Dividends 100 Liabilities Addition to Total Current 1250 Long-Term Retained 300 Assets Liabilities Earnings Long-Term 450 Debt Fixed Assets Total Long- 450 Term Liabilities Net Fixed 900 Owners' Assests Equity Common 400 Stock ($1 Par) Long-Term 450 Debt Fixed Assets Total Long- 450 Term Liabilities Net Fixed 900 Owners' Assests Equity Common 400 Stock ($1 Par) Retained 500 Earnings Total 900 Owners' Equity Total Assets 2,150 Total Liab. 2,150 and Owners' Equity Assuming that the current Sales revenue for 2010 is expected to increase by 30%, and all other figures remain constant, reconstruct the Balance sheet and Income Statements. Also, determine if there would be need for external financing
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