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The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes): Income Statement Sales $4,900 Assets Costs 3,430 Net $1,470 Total
The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes): Income Statement Sales $4,900 Assets Costs 3,430 Net $1,470 Total income Balance Sheet $14,700 Debt Equity $10,700 4,000 $14,700 Total $14,700 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,968. What is the external financing needed
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