The most recent financial statements for Camryn, Incorporated, are shown here (assuming no income taxes): Income...

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The most recent financial statements for Camryn, Incorporated, are shown here (assuming no income taxes): Income Statement Sales Costs $ 6,500 4,610 Assets $23,500 Balance Sheet Debt Equity $ 9,500 14,000 0 Net income $1,890 Total $ 23,500 Total $ 23,500 ces Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $7,150. What is the external financing needed? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) External financing needed The most recent financial statements for Camryn, Incorporated, are shown here (assuming no income taxes): Income Statement Sales Costs $ 6,500 4,610 Assets $23,500 Balance Sheet Debt Equity $ 9,500 14,000 0 Net income $1,890 Total $ 23,500 Total $ 23,500 ces Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $7,150. What is the external financing needed? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) External financing needed

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To determine the external financing needed for next year we can start by calculating the pr... View the full answer