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The most recent financial statements for Williamson, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $ 7,200 Assets $ 24,500
The most recent financial statements for Williamson, Inc., are shown here (assuming no income taxes): |
Income Statement | Balance Sheet | ||||||||||
Sales | $ | 7,200 | Assets | $ | 24,500 | Debt | $ | 10,000 | |||
Costs | 5,270 | Equity | 14,500 | ||||||||
Net income | $ | 1,930 | Total | $ | 24,500 | Total | $ | 24,500 | |||
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years sales are projected to be $8,136. |
What is the external financing needed?(Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) |
External financing needed | $
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