Question
The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes): Income Statement Sales $7,200 Assets Costs 4,730 Net income
The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes): Income Statement Sales $7,200 Assets Costs 4,730 Net income $2,470 Total Balance Sheet Debt Equity $21,700 $21,700 Total $ 9.100 12,600 $21,700 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $8,424. What is the external financing needed?
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Get StartedRecommended Textbook for
Fundamentals of Corporate Finance
Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan
12th edition
007353062X, 73530628, 1260153592, 1260153590, 978-1260153590
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