Question
Problem 19-6 Calculating EFN (LO4, CFA8) The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes): Income Statement Sales $9,200
Problem 19-6 Calculating EFN (LO4, CFA8)
The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes):
Income Statement Sales $9,200 Costs 5,520 Net income $3,680
Balance Sheet Assets $26,680 Debt $10,800 Equity 15,880 Total $26,680 Total $26,680
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years sales are projected to be $10,212. 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.)
Problem 19-6 Calculating EFN (LO4, CFA8)
The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes):
| Income Statement | |||||
| Sales | $9,200 | ||||
| Costs | 5,520 | ||||
| Net income | $3,680 | ||||
| Balance Sheet | |||||
| Assets | $26,680 | Debt | $10,800 | ||
| Equity | 15,880 | ||||
| Total | $26,680 | Total | $26,680 | ||
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years sales are projected to be $10,212. 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.)
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Accounting History And The Rise Of Civilization, Volume II
Authors: Gary Giroux
1st Edition
163157793X, 9781631577932
