Question
The most recent financial statements for Hornick, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $ 9,600 Assets $ 16,000
| The most recent financial statements for Hornick, Inc., are shown here (assuming no income taxes): |
| Income Statement | Balance Sheet | ||||||||||
| Sales | $ | 9,600 | Assets | $ | 16,000 | Debt | $ | 4,000 | |||
| Costs | 7,470 | Equity | 12,000 | ||||||||
| Net income | $ | 2,130 | Total | $ | 16,000 | Total | $ | 16,000 | |||
| Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years sales are projected to be $11,904. |
| What is the external financing needed? |
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Stochastic Filtering With Applications In Finance
Authors: Bhar Ramaprasad
1st Edition
9814304859, 9789814304856
