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The most recent financial statements for Kerch, Incorporated, are shown here (assuming no income taxes): Assets Income Statement Sales $ 4,300 Costs 3,440 Net $
The most recent financial statements for Kerch, Incorporated, are shown here (assuming no income taxes): Assets Income Statement Sales $ 4,300 Costs 3,440 Net $ 860 income Balance Sheet $ 15,100 Debt $10.400 Equity 4,700 $ 15,100 Total $15,100 Total Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,965. What is the external financing needed? Multiple Choice $4,779 $4,934 $4,524 $4,404 $4,654
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