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Below are the most recent financial statements for CrazyEddie Electronics, (assuming no income taxes): Income Statement Sales $4,900 Assets Costs 3,470 Net $1,430 Total income
Below are the most recent financial statements for CrazyEddie Electronics, (assuming no income taxes): Income Statement Sales $4,900 Assets Costs 3,470 Net $1,430 Total income Balance Sheet $14,900 Debt Equity $10,900 4,000 $14,900 Total $14.900 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,957. What is the external financing needed? Multiple Choice $1,226 $1,601 O $1,346 O $1,476 $1,756 O
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