Question
The most recent financial statements for Marpole Inc., are shown here (assuming no income taxes): Statement of Comprehensive Income Statement of Financial Position Sales $
The most recent financial statements for Marpole Inc., are shown here (assuming no income taxes): Statement of Comprehensive Income Statement of Financial Position Sales $ 6,600 Assets $ 25,100 Debt $ 10,100 Costs 4,220 Equity 15,000 Net income $ 2,380 Total $ 25,100 Total $ 25,100 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years sales are projected to be $7,524.
What is the external financing needed? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
External financing needed
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