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The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes): Assets Income Statement Sales $4,500 Costs 3,470 Net $1,030 income
The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes): Assets Income Statement Sales $4,500 Costs 3,470 Net $1,030 income Balance Sheet $14,800 Debt Equity $10,900 3,900 Total $14,800 Total $14,800 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,963. What is the external financing needed? Multiple Choice $3,197 $3,727 $3,317 $3,572 o $3,447
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