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The most recent financial statements for Williamson, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $ 7,600 Assets $ 19,100
The most recent financial statements for Williamson, Inc., are shown here (assuming no income taxes): |
Income Statement | Balance Sheet | ||||||||||
Sales | $ | 7,600 | Assets | $ | 19,100 | Debt | $ | 7,000 | |||
Costs | 5,020 | Equity | 12,100 | ||||||||
Net income | $ | 2,580 | Total | $ | 19,100 | Total | $ | 19,100 | |||
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years sales are projected to be $9,500. |
What is the external financing needed? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) |
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