Question
Intro BestGive sells low-cost items online. Its most recent income statement and balance sheet are given below: Income statement Balance sheet ($ million) ($
Intro BestGive sells low-cost items online. Its most recent income statement and balance sheet are given below: Income statement Balance sheet ($ million) ($ million) Sales 21 Costs 16.8 Net income 4.2 Fixed assets Total assets Current assets 16.2 64.8 81 Debt 24.3 Equity 56.7 Total 81 Next year, 1) sales, assets and costs are expected to grow by 33%; 2) NO dividend is expected to be paid; 3) debt balance is expected unchanged. Part 1 BAttempt 1/10 for 9.5 pts. What is the external financing needed (EFN) for next year (in $ million)? 1+ decimals Submit
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