Question
the most recent financial statements for Hornick Inc are shown below ( assuming no taxes) assets and cost are proportional to sales. debt and equity
the most recent financial statements for Hornick Inc are shown below ( assuming no taxes) assets and cost are proportional to sales. debt and equity are not . no dividends are paid next year; sales are projected to be $8,968
what is the external financing needed
income statement
sales 7600 costs 5180 net income 2420 next years sales 8968
balance sheet
assets 21700 debt 9100 equity 12600 totals 21700 21700
complete the following analysis
DO NOT USE CODE VALUES IN YOUR CALCULATIONS
percent increase in sales
income statements
sales
cost
net income
external financing
balance sheet
assets
debt
equity
total totals
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