The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes): Income Statement
Fantastic news! We've Found the answer you've been seeking!
Question:
The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes):
Income Statement | ||||||
Sales | $ | 9,000 | ||||
Costs | (6,750 | ) | ||||
Net income | $ | 2,250 | ||||
Balance Sheet | |||||||
Assets | $ | 28,800 | Debt | $ | 10,200 | ||
Equity | 18,600 | ||||||
Total | $ | 28,800 | Total | $ | 28,800 | ||
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year’s sales are projected to be $10,350. What is the external financing needed? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to the nearest whole number.)
Related Book For
Corporate Finance
ISBN: 978-0077861759
10th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
Posted Date: