Question
The most recent financial statement for Edibles Inc. are shown below (assuming no income taxes): Sales $5,560 Costs 3,770 Net Income $1,790 Assets $15,000 Debt
The most recent financial statement for Edibles Inc. are shown below (assuming no income taxes):
| Sales | $5,560 |
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| Costs | 3,770 |
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| Net Income | $1,790 |
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| Assets | $15,000 |
| Debt | $6,600 |
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| Equity | 8,400 |
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| Total | $15,000 |
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| $15,000 |
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years sales are projected to be $6,879. What is the external financing needed?
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States And The Reemergence Of Global Finance
Authors: Eric Helleiner
1st Edition
0801428599, 978-0801428593
