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The most recent financial statements for Marpole Inc., are shown here (assuming no income taxes): Statement of Comprehensive Income Sales Costs Net income $
The most recent financial statements for Marpole Inc., are shown here (assuming no income taxes): Statement of Comprehensive Income Sales Costs Net income $ 9,300 7,330 $ 1,970 Assets Statement of Financial Position. $ 20,000 Total $ 20,000 Debt Equity Total $ 8,000 12,000 $ 20,000 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $10,788. What is the external financing needed? (Do not round intermediate calculations and round your final answer to 2 decimal places. Omit $ sign in your response.) External financing needed D
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