Question: Using the financial statements below, calculate the External Financing Needed ( to the nearest dollar ) assuming a 1 5 % growth in Sales. Sales

Using the financial statements below, calculate the External Financing Needed (to the nearest dollar)
assuming a 15% growth in Sales.
Sales $15,939
COGS 8,766
Op Expenses 5,764
Pre-Tax Profits 1,409
Taxes (34%)479
Net Income 930
Dividends 130
Cash 200
A/R 4,780
Inventory 2,282
FA, Net 4,200
Total 11,462
A/P 2,762
N/P ST 2,000
LT Debt 3,500
C/S 2,000
RE 1,200
Total 11,462

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