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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 $ 4,700 Assets $14,700
The most recent financial statements for Kerch, Incorporated, are shown here (assuming no income taxes): Income Statement Sales Costs Net income $ 4,700 Assets $14,700 Balance Sheet 3,450 Debt Equity $ 10,400 4,300 $1,250 Total $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 $5,975. What is the external financing needed? Multiple Choice $2,399 $2,149 Multiple Choice $2,399 $2,149 $2,524 $2,269 $2,679
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