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Problem 17-6 Calculating EFN (LO4, CFA9) The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes): Income Statement Sales Costs
Problem 17-6 Calculating EFN (LO4, CFA9) The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes): Income Statement Sales Costs $ 8,200 (4,100) $ 4,100 Net income Balance Sheet $ 24,600 Debt 11,480 13,200 $ 24,600 Assets Equity Total $ 24,600 Total Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $9,512. What is the external financing needed? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to the nearest whole number.) EFN
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