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The most recent financial statements for Camryn, Incorporated, are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $ 7,900 Assets $ 22,900
The most recent financial statements for Camryn, Incorporated, are shown here (assuming no income taxes): |
Income Statement | Balance Sheet | ||||
---|---|---|---|---|---|
Sales | $ 7,900 | Assets | $ 22,900 | Debt | $ 9,100 |
Costs | 5,360 | Equity | 13,800 | ||
Net income | $ 2,540 | Total | $ 22,900 | Total | $ 22,900 |
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years sales are projected to be $9,164. What is the external financing needed? |
(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
External Financing Needed:
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