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The most recent financial statements for Zoso, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $4,200 Assets $15,300 Debt $11,000
The most recent financial statements for Zoso, Inc., are shown here (assuming no income taxes): |
Income Statement | Balance Sheet | ||||
Sales | $4,200 | Assets | $15,300 | Debt | $11,000 |
Costs | 3,390 | Equity | 4,300 | ||
Net income | $810 | 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 $5,976. |
Required: |
What is the external financing needed? (Do not round your intermediate calculations.) |
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