Question
The most recent financial statements for Bradley, Incorporated, are shown here (assuming no income taxes): Income Statement Sales $ 5,800 Costs 3,480 Net income $
The most recent financial statements for Bradley, Incorporated, are shown here (assuming no income taxes):
| Income Statement | |
|---|---|
| Sales | $ 5,800 |
| Costs | 3,480 |
| Net income | $ 2,320 |
| Balance Sheet | |||
| Assets | $ 18,560 | Debt | $ 11,000 |
| Equity | 7,560 | ||
| Total | $ 18,560 | Total | $ 18,560 |
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years sales are projected to be $6,554. What is the external financing needed?
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Ebay Tips And Tricks To Increase Your Ebay Sales
Authors: Jessica Wilson
1st Edition
1774854015, 978-1774854013
