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most recent financial statements for kerch inc are shown here. the Assuming no income taxes. income statement Balance Sheet sales $8,300 assets $23,200 Debt $9,00
most recent financial statements for kerch inc are shown here. | ||||||||
the Assuming no income taxes. | ||||||||
income statement |
|
| Balance Sheet | |||||
sales | $8,300 | assets | $23,200 | Debt | $9,00 | |||
costs | 5,400 | _______ | Equity | 14200 | ||||
net | 2810 | Total | $23,200 | Total | $23,20 | |||
income | ||||||||
Assets and cost are proportional to sales. Debt and equity are not. No dividends are | ||||||||
paid. Next year's sales are projected to be $9545 | ||||||||
What is the external financing needed? | ||||||||
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