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The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes): Income Statement Sales $ 7,600 Costs (4,560 ) Net income
The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes): |
Income Statement | |||
Sales | $ | 7,600 | |
Costs | (4,560 | ) | |
Net income | $ | 3,040 | |
Balance Sheet | ||||||
Assets | $ | 24,320 | Debt | $ | 11,500 | |
Equity | 12,820 | |||||
Total | $ | 24,320 | Total | $ | 24,320 | |
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years sales are projected to be $9,728. What is the external financing needed? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to the nearest whole dollar. Omit the "$" sign in your response.) |
EFN | $ |
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