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he most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes): Income Statement Sales $6,600 Costs 4,950 Net income $1,650 Balance
he most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes):
Income Statement | |||||
Sales | $6,600 | ||||
Costs | 4,950 | ||||
Net income | $1,650 | ||||
Balance Sheet | |||||
Assets | $18,480 | Debt | $7,100 | ||
Equity | 11,380 | ||||
Total | $18,480 | Total | $18,480 | ||
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years sales are projected to be $7,788. What is the external financing needed? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to the nearest whole number.)
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