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The most recent financial statements for Williamson, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $ 9,500 Assets $ 19,650

The most recent financial statements for Williamson, Inc., are shown here (assuming no income taxes):

Income Statement Balance Sheet
Sales $ 9,500 Assets $ 19,650 Debt $ 6,250
Costs 6,570 Equity 13,400
Net income $ 2,930 Total $ 19,650 Total $ 19,650

Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years sales are projected to be $11,400.

What is the external financing needed?

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