Question
Below are the most recent financial statements for CrazyEddie Electronics, (assuming no income taxes): Income Statement Balance Sheet Sales $5,000 Assets $15,000 Debt $10,500 Costs
| Below are the most recent financial statements for CrazyEddie Electronics, (assuming no income taxes): |
| Income Statement | Balance Sheet | ||||
| Sales | $5,000 | Assets | $15,000 | Debt | $10,500 |
| Costs | 3,440 | Equity | 4,500 | ||
| Net income | $1,560 | Total | $15,000 | Total | $15,000 |
| Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,969. |
| What is the external financing needed? |
Multiple Choice
-
$1,045
-
$1,325
-
$915
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$795
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$1,170
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Commodity Option Pricing A Practitioner's Guide
Authors: Iain J. Clark
1st Edition
1119944511, 978-1119944515
