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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 $ 6,300 Assets $ 18,300 Debt $ 12,400 Costs 3,890 Equity 5,900 Net income $ 2,410 Total $ 18,300 Total $ 18,300 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years sales are projected to be $7,434. What is the external financing needed? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)
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