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The most recent financial statements for Kerch, Inc., are shown here (assuming no Income taxes): Income Statement Sales $4,600 Assets Costs 3,430 Net $1,170 Total
The most recent financial statements for Kerch, Inc., are shown here (assuming no Income taxes): Income Statement Sales $4,600 Assets Costs 3,430 Net $1,170 Total Income Balance Sheet $15,300 Debt Equity $15,300 Total $10,700 4,600 $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 $5,975. What is the external financing needed? Multiple Choice $3,334 $3,179 $2.924 $3,054 $2,804
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