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Below are the most recent financial statements for CrazyEddie Electronics, (assuming no income taxes): Income Statement Sales $4,200 Assets Costs 3,440 Net $760 Total income
Below are the most recent financial statements for CrazyEddie Electronics, (assuming no income taxes): Income Statement Sales $4,200 Assets Costs 3,440 Net $760 Total income Balance Sheet $15,000 Debt Equity $10,300 4,700 $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 $5,972. What is the external financing needed? Multiple Choice $5,118 $4,998 $5,248 $5,528 $5,373
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