Question
I need help with this question: Week Three Problem Set The most recent financial statements for Williamson, Inc., are shown here (assuming no income taxes):
I need help with this question:
Week Three Problem Set| The most recent financial statements for Williamson, Inc., are shown here (assuming no income taxes): |
| Income Statement | Balance Sheet | ||||||||||
| Sales | $ | 9,300 | Assets | $ | 20,000 | Debt | $ | 8,000 | |||
| Costs | 7,330 | Equity | 12,000 | ||||||||
| Net income | $ | 1,970 | Total | $ | 20,000 | Total | $ | 20,000 | |||
| Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years sales are projected to be $10,788. |
| What is the external financing needed? |
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
