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The most recent financial statements for Kerch, Incorporated, are shown here (assuming no income taxes): Income Statement Sales Costs Net income Balance Sheet $4,200 Assets
The most recent financial statements for Kerch, Incorporated, are shown here (assuming no income taxes): Income Statement Sales Costs Net income Balance Sheet $4,200 Assets $14,600 3,440 Debt Equity $ 10,300 4,300 $760 Total $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 $5,961. What is the external financing needed? Multiple Choice $4,793 $5,323
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