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the answer i have is wrong The most recent financial statements for Kerch, Incorporated, are shown here (assuming no income taxes): income Statement Sales $
the answer i have is wrong
The most recent financial statements for Kerch, Incorporated, are shown here (assuming no income taxes): income Statement Sales $ 5,000 Costs 3,480 Net $ 1,520 income Balance Sheet Assets $15,500 Debt Equity $ 10,300 5,200 Total $ 15,500 Total $15,500 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,960. What is the external financing needed? $1,164 $1,444 $1,289 $914 $1,034 Step by Step Solution
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