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The most recent financial statements for Dockett, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $ 8,600 Assets $ 16,100
The most recent financial statements for Dockett, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $ 8,600 Assets $ 16,100 Debt $ 6,400 Costs 5,630 Equity 9,700 Net income $ 2,970 Total $ 16,100 Total $ 16,100 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years sales are projected to be $10,578. What is the external financing needed? (Round your answer to 2 decimal places. (e.g., 32.16)) External financing needed $?
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