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The most recent financial statements for Incredible Edibles, Inc., are shown here (assuming no income taxes): BALANCE SHEET INCOME STATEMENT Sales $9.400 Costs 6.940 Assets
The most recent financial statements for Incredible Edibles, Inc., are shown here (assuming no income taxes): BALANCE SHEET INCOME STATEMENT Sales $9.400 Costs 6.940 Assets $19,050 Debt Equity $ 6,050 13,000 Net income $2.460 Total $19,050 Total $19,050 es 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? (Do not round intermediate calculations and round your answer to 2 decimal places (e.g., 32.16).) External financing needed
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