Problem 19 6 Calculating EFN (LO4, CFA8) The most recent financial statements for Bradley, Inc , are shown here (assuming no income taxes) Income Statement Sales $9,200 Costs 5,520 Net income $3,680 Balance Sheet Assets $26,680 Debt $10,800 Equity 15,880 Total $26,680 Total $26,680 Assets and costs are proportional to sales Debt and equity are not No dividends are paid Next years sales are projected to be $10,212 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 )

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Question: Problem 19-6 Calculating EFN (LO4, CFA8) The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes): Income Statement Sales $9,200

Problem 19-6 Calculating EFN (LO4, CFA8)

The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes):

Income Statement
Sales	$9,200
Costs	5,520
Net income	$3,680

Balance Sheet
Assets	$26,680	Debt	$10,800
		Equity	15,880
Total	$26,680	Total	$26,680

Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years sales are projected to be $10,212. 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.)

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