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Problem 4-3 Calculating EFN [LO2] The most recent financial statements for Hornick, Inc., are shown here (assuming no income taxes): Income Statement Sales Costs Balance
Problem 4-3 Calculating EFN [LO2] The most recent financial statements for Hornick, Inc., are shown here (assuming no income taxes): Income Statement Sales Costs Balance Sheet 6,150 quity 13,200 S 6,800 Assets $19,350 Debt 4,750 Net income S 2,050 Tot$19,350 Total $19,350 sales are projected to be $8,024. What is the external financing needed? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) External financing needed
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