Question: External financing needed $ The most recent financial statements for Hornick, Inc., are shown here (assuming no income taxes) Income Statement Balance Sheet 6,100 Sales

 External financing needed $ The most recent financial statements for Hornick,

External financing needed $

The most recent financial statements for Hornick, Inc., are shown here (assuming no income taxes) Income Statement Balance Sheet 6,100 Sales 7,400 Assets 19,200 Debt 13,100 Costs 4,510 Equity Net income 2,890 Total 19,200 Total 19,200 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $8,954. What is the external financing needed? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16 External financing needed

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