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Posted on Jul 26, 2024

The most recent financial statements for Incredible Edibles, Inc., are shown here ( assuming no income taxes ) : Income Statement: Sales: $ 6 ,

The most recent financial statements for Incredible Edibles, Inc., are shown here

(

assuming no income taxes

)

: Income Statement: Sales: $

6, 700

; Costs: $

3, 850

; Net Income: $

2, 850 .

Balance Sheet: Assets: $

22, 050

; Total: $

22, 050 .

Debt: $

8, 050

; Equity: $

14, 000

; Total: $

22, 050 .

Next year sales are projected to be $

7, 906 .

What is the external financing needed?

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