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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 3,440 Net $1,060 Total
The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes): Income Statement Sales $4,500 Assets Costs 3,440 Net $1,060 Total income Balance Sheet $15,400 Debt Equity $15,400 Total $10,800 4,600 $15,400 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
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