Question
The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes): Income Statement Sales Costs $5,800 -3,480 Net income $2,320
The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes): Income Statement Sales Costs $5,800 -3,480 Net income $2,320 Balance Sheet Assets $18,560) Debt Equity Total $18,560 Total $11,000 7,560 $18,560. Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $6,554. What is the external financing needed? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to the nearest whole number.) EFN
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