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 3,470 $15,200 Debt Equity $11,000 4,200 Net income $930 Total $15,200 Total $15,200 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,959. 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 3,470 $15,200 Debt Equity $11,000 4,200 Net income $930 Total $15,200 Total $15,200 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,959. What is the external financing needed?

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Growth rate in sales will be 5959 4400 4400 3543 Net Income will be Sales Cost... View the full answer