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