Question: The most recent financial data for Porter s Corner is: Sales $ 4 , 6 5 0 Costs 4 , 1 6 0 Net income

The most recent financial data for Porters Corner is:
Sales $4,650
Costs 4,160
Net income 490
Assets 5,820
Debt 2,760
Equity 3,060
Assets and costs are proportional to sales. Debt and equity are not. No dividends or taxes are paid. Next year's sales are projected to be $5,487. What is the amount of the external financing needed?
The most recent financial data for Porters Corner is:
Sales $4,650
Costs 4,160
Net income 490
Assets 5,820
Debt 2,760
Equity 3,060
Assets and costs are proportional to sales. Debt and equity are not. No dividends or taxes are paid. Next year's sales are projected to be $5,487. What is the amount of the external financing needed?
$1,048
$823
-$28
$469
$611

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