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The most recent financial statements for Zoso, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $4,800 Assets $14,900 Debt $10,700
The most recent financial statements for Zoso, Inc., are shown here (assuming no income taxes): |
Income Statement | Balance Sheet | ||||
Sales | $4,800 | Assets | $14,900 | Debt | $10,700 |
Costs | 3,420 | Equity | 4,200 | ||
Net income | $1,380 | Total | $14,900 | Total | $14,900 |
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,960. |
Required: |
What is the external financing needed? (Do not round your intermediate calculations.) |
Multiple Choice
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$2,167
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$1,757
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$2,012
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$1,887
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$1,637
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