What is the external financing needed

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Reference no: EM132031383

The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes): Income Statement Sales $ 7,800 Costs (5,460 ) Net income $ 2,340 Balance Sheet Assets $ 21,840 Debt $ 10,000 Equity 11,840 Total $ 21,840 Total $ 21,840 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year’s sales are projected to be $9,672. What is the external financing needed? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to the nearest whole dollar. Omit the "$" sign in your response.) EFN $

Reference no: EM132031383

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