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

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

Income Statement

Sales$6,900

Costs4,360

Net income$2,540

Balance Sheet

Assets$15,950 Debt$6,350

Equity9,600

Total$15,950 Total$15,950

Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $8,418.

What is the external financing needed?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Posted Date: May 21, 2024 02:13 AM

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

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