Problem $4$ Part E$.$ What are the external funds required to handle the projected growth in sales? $($Hint: Use the formula. You can use your answers to A$,$ B$,$ and D above.$)$

Group of answer choices

$268,000$

$340,000$

$196,000$

$328,000$

$417,000$

$68,000$

Problem $1$ Financial Statements

Merced Inc.

$2022$ and $2023$ Partial Balance Sheets

Assets Liabilities and Owners$$ Equity

$2022202320222023$

Current assets $$2000$ $$4000$ Current Liab.s $$1000$ $$2000$

Net fixed assets $20,00024,000$ L$/$T Debt $8,00010,000$

Owners$$ Equity $13,00016,000$

Total Assets $22,00028,000$ Total D $+$ OE $22,00028,000$

Merced Inc.

$2023$ Income Statement

Sales $$20,000$

Costs $10,000$

Depreciation $2,000$

EBIT $8,000$

Interest Paid $2,000$

EBT $6,000$

Taxes $(40$ percent$)2,400$

Net Income $3,600$

Dividends $=1600$

Additions to Ret Earn. $=2000$

Problem $2$ Financial Statement

:

Yosemite Enterprises

$2023$ Partial Balance Sheet Information

Assets Liabilities and Owners$$ Equity

Current assets $$2000$ Current Liab.s $$1000$

Net fixed assets $12,000$ L$/$T Debt $5,000$

OE

Total Assets $14,000$ Total D $+$ OE