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The most recent financial statements for Zoso, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $4,600 Assets $14,500 Debt $10,500
The most recent financial statements for Zoso, Inc., are shown here (assuming no income taxes): |
Income Statement | Balance Sheet | ||||
Sales | $4,600 | Assets | $14,500 | Debt | $10,500 |
Costs | 3,460 | Equity | 4,000 | ||
Net income | $1,140 | Total | $14,500 | Total | $14,500 |
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,959. |
Required: |
What is the external financing needed? (Do not round your intermediate calculations.) $2,677 $2,557 $2,807 $3,087 $2,932 |
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