Question
The most recent financial statements for Zoso, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $4,200 Assets $15,200 Debt $11,100
| The most recent financial statements for Zoso, Inc., are shown here (assuming no income taxes): |
| Income Statement | Balance Sheet | ||||
| Sales | $4,200 | Assets | $15,200 | Debt | $11,100 |
| Costs | 3,400 | Equity | 4,100 | ||
| Net income | $800 | Total | $15,200 | Total | $15,200 |
| Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,968. |
| Required: |
| What is the external financing needed? |
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Financial Management For Decision Makers
Authors: Peter Atrill
8th Edition
129213433X, 978-1292134338
