Business, 17.08.2021 03:20 angelicadattoli

The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $ 7,200
Assets $ 21,700
Debt $ 9,100
Costs 4,730
Equity 12,600
Net income $ 2,470
Total $ 21,700
Total $ 21,700
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year’s sales are projected to be $8,424. What is the external financing needed? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

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The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes): In...

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