Solution-What is the external financing needed

What is the external financing needed

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Reference no: EM131360747

The most recent financial statements are shown here (no income taxes)

Sales 6,500, cost 4610, net income 1890

assets 23,500, total 23,500

debt 9500, equity 14,000, total 23500

Assets and costs proportional to sales. Debt and equity are not. No dividends are paid and next year's sales are projected to be $7,150.

What is the external financing needed?

Reference no: EM131360747

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What is the external financing needed

Reference no: EM131360747

Reference no: EM131360747

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