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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 3,470 Net $1,130 Total
The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes): Income Statement Sales $4,600 Assets Costs 3,470 Net $1,130 Total income Balance Sheet $14,600 Debt Equity $11,000 3,600 $14,600 Total $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 $5,958. What is the external financing needed? Multiple Choice $3.127 O O $2,972 O $2,717 o $2,597 O $2.847
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