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You are expected Sales to increase next year by 10% off of a base of $7,000 this year. Net Income this past year was $600.

image text in transcribed You are expected Sales to increase next year by 10% off of a base of $7,000 this year. Net Income this past year was $600. Assets were 11,000 this year, and the Sales/Assets ratio will remain constant next year. Debt this past year was at 3,500 , and the Debt/Equity ratio will remain constant for the next year. No debt will be retired and no stock will be retired. No Dividends will be given out. 1. How much new debt will be issued next year?: 2. How much new stock will be issued next year?: since no new stock will be retired, no new stock will be issued next year

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