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The most recent financial statements for Williamson, Inc., are shown here (assuming no income taxes): Income Statement Sales Costs 5,490 Assets Balance Sheet $23,200 Debt
The most recent financial statements for Williamson, Inc., are shown here (assuming no income taxes): Income Statement Sales Costs 5,490 Assets Balance Sheet $23,200 Debt Equity $ 9,000 14,200 Net income $ 2,810 Total $23,200 Total $23,200 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $9,545. 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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