Question
The most recent financial statements for Dockett, Inc., are shown here (assuming no income taxes): Income Statement Sales $7,123 Costs $4,312 Balance Sheet Assets $18,576
The most recent financial statements for Dockett, Inc., are shown here (assuming no income taxes):
| Income Statement | |
| Sales | $7,123 |
| Costs | $4,312 |
| Balance Sheet | |||
| Assets | $18,576 | Debt | $9,285 |
|
|
| Equity | ? |
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years sales are projected to be $7,804.
What is the external financing needed?
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Financial Analysts Indispensable Pocket Guide
Authors: Ram Ramesh
1st Edition
0071361561, 978-0071361569
