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The most recent financial statements for Williamson, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $ 6,900 Assets $ 15,950
The most recent financial statements for Williamson, Inc., are shown here (assuming no income taxes):
Income Statement Balance Sheet
Sales $ 6,900 Assets $ 15,950 Debt $ 6,350
Costs 4,360 Equity 9,600
Net income $ 2,540 Total $ 15,950 Total $ 15,950
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years sales are projected to be $8,418.
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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