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The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $5,100 Assets $15,300 Debt $11,100
The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $5,100 Assets $15,300 Debt $11,100 Costs 3,390 Equity 4,200 Net income $1,710 Total $15,300 Total $15,300 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,964. What is the external financing needed? Multiple Choice $342 $717 $462 $872 $592
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