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

 

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The most recent financial statements for Kerch, Incorporated, are shown here (assuming no income taxes): Income Statement Sales Costs Net income Balance Sheet $ 4,300 3,400 Assets $15,400 Debt Equity $ 10,900 4,500 $ 900 Total $15,400 Total $ 15,400 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,965. What is the external financing needed? Multiple Choice $4,715 $4,585 $4.840 $4,465 ○ $4,995 The most recent financial statements for Kerch, Incorporated, are shown here (assuming no income taxes): Income Statement Sales Costs Net income Balance Sheet $ 4,300 3,400 Assets $15,400 Debt Equity $ 10,900 4,500 $ 900 Total $15,400 Total $ 15,400 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,965. What is the external financing needed? Multiple Choice $4,715 $4,585 $4.840 $4,465 ○ $4,995

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To find the external financing needed we need to calculate the increase in total assets due to the p... View the full answer