Question: The most recent financial statement for Watchtower, Inc. are shown here (assuming income taxes are part of costs): Income Statement: Sales- $4,100 Costs- 2,624 Net

The most recent financial statement for Watchtower, Inc. are shown here (assuming income taxes are part of costs):

Income Statement:

Sales- $4,100

Costs- 2,624

Net Income- $1,476

Balance Sheet:

Assets- $9,110

Total- $9,110

Debt- $5,833

Equity- 3,277

Total- $9,100

Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,002. What is the amount of the external financing need?

The most recent financial statement for Watchtower, Inc. are shown here (assuming

1. The most recent financial statements for Watchtower, Inc. are shown here (assuming income taxes are part of costs): Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,002. What is the amount of the external financing need

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