Question
Financial statement Sales: $7,100 Costs: $4,370 Net Income $2,730 Assets: $21,900 TOTAL $21,900 Debt $9,400 Equity $12,500 TOTAL $21,900 Assets and costs are proportional to
Financial statement
Sales: $7,100
Costs: $4,370
Net Income $2,730
Assets: $21,900
TOTAL $21,900
Debt $9,400
Equity $12,500
TOTAL $21,900
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $8,449.
What is the external financing needed?
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Accounting and Finance An Introduction
Authors: Peter Atrill, Eddie McLaney
8th edition
129208829X, 1292088297, 978-1292088297
