Question
The most recent financial statements for Zoso, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $5,000 Assets $15,400 Debt $11,100
| The most recent financial statements for Zoso, Inc., are shown here (assuming no income taxes): |
| Income Statement | Balance Sheet | ||||
| Sales | $5,000 | Assets | $15,400 | Debt | $11,100 |
| Costs | 3,420 | Equity | 4,300 | ||
| Net income | $1,580 | Total | $15,400 | Total | $15,400 |
| Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,958. |
| Required: |
| What is the external financing needed?
|
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Global Finance
Authors: Robert Holton
1st Edition
0415619165, 978-0415619165
