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The most recent financial statements for Hu, Incorporated, are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $ 7,400 Assets 19,200 Debt
The most recent financial statements for Hu, Incorporated, are shown here (assuming no income taxes): |
Income Statement | Balance Sheet | ||||
---|---|---|---|---|---|
Sales | $ 7,400 | Assets | 19,200 | Debt | $ 6,100 |
Costs | 4,510 | Equity | 13,100 | ||
Net income | $ 2,890 | Total | 19,200 | Total | $ 19,200 |
Assets and costs are proportional to sales; debt and equity are not. No dividends are paid. Next years sales are projected to be $8,954. |
What is the external financing needed? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) |
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