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The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes): Income Statement Sales $4,700 Assets Costs 3,450 Net $1,250 Total
The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes): Income Statement Sales $4,700 Assets Costs 3,450 Net $1,250 Total income Balance Sheet $14,600 Debt Equity $14,600 Total $10,500 4,100 $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 $5,964. What is the external financing needed? Multiple Choice $2,465 O $2,090 O O $2,340 $2,620 O $2,210
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