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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?
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