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Question 10 10 pts Using the financial statements below, calculate the External Financing Needed (to the nearest dollar) assuming a 20% growth in Sales. Sales
Question 10 10 pts Using the financial statements below, calculate the External Financing Needed (to the nearest dollar) assuming a 20% growth in Sales. Sales $15,939 COGS 8,766 Op Expenses 5,764 Pre-Tax Profits 1,409 Taxes (34%) 479 Net Income 930 Dividends 130 Cash 200 A/R 4,780 Inventory 2,282 FA, Net 4,200 Total 11,462 A/P 2,762 N/P ST 2,000 LT Debt 3,500 C/S 2.000 RE 1.200 Total 11,462 $780 O $820 O $1.245 O $460 O None of the above
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