The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes): Income...
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The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales Costs $4,400 Assets 3,390 Net income $1,010 Total $14,900 $14,900 Debt Equity Total $11,000 3,900 $14,900 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,966. What is the external financing needed? The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales Costs $4,400 Assets 3,390 Net income $1,010 Total $14,900 $14,900 Debt Equity Total $11,000 3,900 $14,900 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,966. What is the external financing needed?
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Related Book For
Fundamentals of Investments Valuation and Management
ISBN: 978-0077283292
5th edition
Authors: Bradford D. Jordan, Thomas W. Miller
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