Wish Inc. sells low-cost items online. Its most recent income statement and balance sheet are given...
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Wish Inc. sells low-cost items online. Its most recent income statement and balance sheet are given below: Income statement ($ million) Sales 14 Costs 11.2 Net income 2.8 Balance sheet ($ million) Current assets 15.4 Debt 23.1 Fixed assets 61.6 Equity 53.9 Total assets 77 Total 77 Sales, assets and costs are expected to grow by 33% next year, while debt will stay constant. The company is expected to pay NO dividends next year. What is the external financing needed (EFN) for next year (in $ million)? Wish Inc. sells low-cost items online. Its most recent income statement and balance sheet are given below: Income statement ($ million) Sales 14 Costs 11.2 Net income 2.8 Balance sheet ($ million) Current assets 15.4 Debt 23.1 Fixed assets 61.6 Equity 53.9 Total assets 77 Total 77 Sales, assets and costs are expected to grow by 33% next year, while debt will stay constant. The company is expected to pay NO dividends next year. What is the external financing needed (EFN) for next year (in $ million)?
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Related Book For
Valuation The Art and Science of Corporate Investment Decisions
ISBN: 978-0133479522
3rd edition
Authors: Sheridan Titman, John D. Martin
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