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The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $ 8,500 Assets $ 19,500
The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $ 8,500 Assets $ 19,500 Debt $ 6,200 Costs 6,000 Equity 13,300 Net income $ 2,500 Total $ 19,500 Total $ 19,500 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years sales are projected to be $10,115. What is the external financing needed? (Do not round intermediate calculations and round your answer to the nearest whole dollar amount. (e.g., 32))
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