Answer Options Are:

A. $4,532 - INCORRECT

B. $4,377

C. $4,002

D. $4,122

E. $4,252

3. The most recent financial statements for Zoso, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $4,400 Assets $15,500 Debt $10,200 Costs 3,470 Equity 5,300 Net $930 Total $15,500 Total $15,500 income 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? a. Sales Increase = ($5,965 4,400) / 4,400 = 0.35568 or 35.6% b. Equity = Equity + Net Income = $5,300 +930 = $6,230 c. EFN = Total Assets Total Liabilities and Equity = $15,500