Question: Please type work and show each step. The most recent financial statements for Zoso, Inc., are shown here (assuming no income taxes): Income Statement Balance
Please type work and show each step.
The most recent financial statements for Zoso, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $4,700 Assets $15,100 Debt $10,600 Costs 3,390 Equity 4,500 Net income $1,310 Total $15,100 Total $15,100
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,971.
Required: What is the external financing needed?
(Do not round your intermediate calculations.)
Multiple Choice $2,544 $2,419 $2,169 $2,699 $2,289
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