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Intro Wish Inc. sells low-cost items online. Its most recent income statement and balance sheet are given below: Income statement Balance sheet ($ million)
Intro Wish Inc. sells low-cost items online. Its most recent income statement and balance sheet are given below: Income statement Balance sheet ($ million) 16 Current assets 14.2 Debt 21.3 ($ million) Sales Costs Net income 3.2 12.8 Fixed assets 56.8 Total assets Equity 49.7 71 Total 71 Sales, assets and costs are expected to grow by 31% next year, while debt will stay constant. The company is expected to pay NO dividends next year. Part 1 Attempt 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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