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Judd Enterprises These are the simplified financial statements for Judd Enterprises. Income statement Current Projected answered Sales na 1,000 Costs na 720 Profit before tax

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Judd Enterprises These are the simplified financial statements for Judd Enterprises. Income statement Current Projected answered Sales na 1,000 Costs na 720 Profit before tax na 280 Taxes (25%) na 70 Net income na 210 Dividends na 63 1 Balance sheets Current Current Projected 81 Current assets Projected 115 1,080 100 70 - Net fixed assets 900 400 Current liabilities Long-term debt Common stock Retained earnings 300 230 Refer to the Judd Enterprises financial statements. If Judd does not plan on issuing new stock or additional long-term debt, then what is the additional net financing needed for the projected year? a. $30 O b. $37 O c. $33 O d. $396 O e. $339 0= Icon Key

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