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INCOME STATEMENT BALANCE SHEET Sales $ 7,600 Assets $ 19,100 Debt $ 7,000 Costs 5,020 Equity 12,100 Net income $ 2,580 Total $ 19,100 Total
INCOME STATEMENT | BALANCE SHEET | ||||||||||
Sales | $ | 7,600 | Assets | $ | 19,100 | Debt | $ | 7,000 | |||
Costs | 5,020 | Equity | 12,100 | ||||||||
Net income | $ | 2,580 | Total | $ | 19,100 | Total | $ | 19,100 | |||
Assets and costs are proportional to sales; debt and equity are not. No dividends are paid. Next years sales are projected to be $9,500. |
What is the external financing needed? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
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