The most recent financial statements income taxes): Income Statement Sales Costs Net income $6,700 3,85C $ 2,850 Assets Total Balance Sheet 22,050 Debt Equity Total 22,050 $ 8,050 14,000 $ 22,050 Assets and costs are proportional to sales; debt and equity are not. No dividends are paid. Next year's sales are projected to be $7.906. What is the external financing needed? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) External financing needed

The most recent financial statements income taxes): Income Statement Sales Costs Net income $6,700 3,85C $ 2,850 Assets Total Balance Sheet 22,050 Debt Equity Total 22,050 $ 8,050 14,000 $ 22,050 Assets and costs are proportional to sales; debt and equity are not. No dividends are paid. Next year's sales are projected to be $7.906. What is the external financing needed? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) External financing needed

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter10: Forecasting Financial Statement

Section: Chapter Questions

Problem 8QE

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