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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

  • $2,167

  • $1,757

  • $2,012

  • $1,887

  • $1,637

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