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The most recent financial statements for Kerch, Incorporated, are shown no income taxes): Income Statement Balance Sheet Sales $ 4,500 Assets $15,000 Debt $10,500 Costs
The most recent financial statements for Kerch, Incorporated, are shown no income taxes): Income Statement Balance Sheet Sales $ 4,500 Assets $15,000 Debt $10,500 Costs 3,400 Equity 4,500 Net $1,100 Total $ 15,000 Total $15,000 income Assets and costs are proportional to sales. Debt and equity are not. N paid. Next year's sales are projected to be $5,969. What is the external financing needed
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