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Could you please help for this question The most recent financial statements for Marpole Inc., are shown here (assuming no income taxes): Assets Statement of
Could you please help for this question
The most recent financial statements for Marpole Inc., are shown here (assuming no income taxes): Assets Statement of Comprehensive Income Sales $ 8,500 Costs 6,000 Net income $ 2,500 Statement of Financial Position $19,500 Debt Equity $ 19,500 Total $ 6,200 13,300 $19,500 Total Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $10,115. What is the external financing needed? (Do not round intermediate calculations and round your final answer to 2 decimal places. Omit $ sign in your response.) External financing needed $1Step by Step Solution
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