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Carson's Camera's had the following balance sheet last year: Cash Accounts receivable Inventory Net fixed assets $ 1,800 Accounts payable 2,450 Accrued wages 950 Notes
Carson's Camera's had the following balance sheet last year: Cash Accounts receivable Inventory Net fixed assets $ 1,800 Accounts payable 2,450 Accrued wages 950 Notes payable 35,000 Mortgage Common stock Retained earnings $40,200 Total liabilities & equity $ 850 650 2,000 26,500 3,200 7,000 $40,200 Total assets Carson's Camera's expect sales to triple from $5,000 to $15,000. Net income is expected to increase from $1,000 to $3,000. They are at full capacity. How much outside capital will be needed if no dividends are paid? Select one: O a. $17,700 O b. $74,400 c. $0-no additional funds needed d. $80,400 e. $4,400
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