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The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes): Income Statement Sales $4,500 Assets Costs 3,400 Net $1,100 Total
The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes): Income Statement Sales $4,500 Assets Costs 3,400 Net $1,100 Total income Balance Sheet $14,600 Debt Equity $14,600 Total $11,000 3,600 $14,600 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,971. What is the external financing needed? Multiple Choice O $3,438 $3,183 $3,313 $3,593 $3,063
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