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The most recent financial statements for Zoso, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $4,500 Assets $14,600 Debt $10,500
The most recent financial statements for Zoso, Inc., are shown here (assuming no income taxes): |
Income Statement | Balance Sheet | ||||
Sales | $4,500 | Assets | $14,600 | Debt | $10,500 |
Costs | 3,470 | Equity | 4,100 | ||
Net income | $1,030 | Total | $14,600 | Total | $14,600 |
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,962. |
Required: |
What is the external financing needed? (Do not round your intermediate calculations.) |
rev: 09_17_2012
Multiple Choice
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$3,379
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$3,504
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$3,659
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$3,129
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$3,249
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