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The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes): Income Statement Sales $ 5,000 Costs (3,000 ) Net income
| The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes): |
| Income Statement | |||
| Sales | $ | 5,000 | |
| Costs | (3,000 | ) | |
| Net income | $ | 2,000 | |
| Balance Sheet | ||||||
| Assets | $ | 16,000 | Debt | $ | 9,000 | |
| Equity | 7,000 | |||||
| Total | $ | 16,000 | Total | $ | 16,000 | |
| Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years sales are projected to be $6,450. What is the external financing needed? |
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Microfinance Handbook An Institutional And Financial Perspective
Authors: Joanna Ledgerwood
1st Edition
0821343068, 978-0821343067
