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The most recent financial statements for Zoso, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $4,100 Assets $15,300 Debt $10,900
The most recent financial statements for Zoso, Inc., are shown here (assuming no income taxes):
Income Statement Balance Sheet Sales $4,100 Assets $15,300 Debt $10,900 Costs 3,390 Equity 4,400 Net income $710
Total $15,300
Total $15,300
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,968.
Required: What is the external financing needed? (Do not round your intermediate calculations.)
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