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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

  • $3,379

  • $3,504

  • $3,659

  • $3,129

  • $3,249

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