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The most recent financial statements for Williamson, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $7,300Assets $20,500 Debt $8,000 Costs
The most recent financial statements for Williamson, Inc., are shown here (assuming no income taxes):
Income Statement Balance Sheet
Sales $7,300Assets $20,500 Debt $8,000
Costs 4,880 Equity 12,500
Net Income $2,420 Total $20,500Total $20,500
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $8,541.
What is the external financing needed?
I got $3,502,121, which is incorrect. Trying to figure out where I went wrong, thank you
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