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The most recent financial statements for Zoso, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $4900 assets $15000 Debt $10400
The most recent financial statements for Zoso, Inc., are shown here (assuming no income taxes):
Income Statement
|
Sales $4900 assets $15000 Debt $10400
Costs 3440 Equity 4600
Net Income $1460 total $15000 Total 15000
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,969.
Required:
What is the external financing needed? (Do not round your intermediate calculations.)
should the answer is :
1244 or 1494 or 1619 or 1364 or 1774
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