Question
The most recent financial statements for incredible Edibles Inc. are shown (Assuming no income taxes) Income statementBalance sheet $$$ Sales 9400Assets19050Debt6050 Costs 6940Equity13000 Net Income2460Total19050Total19050
The most recent financial statements for incredible Edibles Inc. are shown (Assuming no income taxes)
Income statementBalance sheet
$$$
Sales 9400Assets19050Debt6050
Costs 6940Equity13000
Net Income2460Total19050Total19050
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $ 11,280.
- What is the external financing needed?
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Small Business Management Launching and Growing New Ventures
Authors: Justin Longenecker, Leo Donlevy, Terri Champion, William Petty, Leslie Palich, Frank Hoy
6th Canadian edition
176532218, 978-0176532215
