The most recent financial statements for Zoso, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $4,200 Assets $14,900 Debt $10,900 Costs 3,420 Equity 4,000 Net income $780 Total $14,900 Total $14,900 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,965. What is the external financing needed?

$26,949.40

Explanation:

Growth rate in sales = ($5,965-$4,200)/$4,200 = 0.4202381 = 42.02%

Sales                              $5,965

Less:costs(3,420*1.42)  $4,856.4

Net income                    $1,108.60

Total assets would be = $14,900 * 142% = $21,158

Total equity would be = $4,000 + $1,108.60 = $5,108.60

Total assets = Total equity +Total liabilities

Hence, external financing needed = $21,158 - $5,108.60 + $10,900 = $26,949.40

answermarket demand;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.