Question
The most recent financial statements for Williamson, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $ 9,200 Assets $ 27,000
The most recent financial statements for Williamson, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $ 9,200 Assets $ 27,000 Debt $ 13,000 Costs 6,430 Equity 14,000 Net income $ 2,770 Total $ 27,000 Total $ 27,000
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years sales are projected to be $10,304.
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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