Question: The most recent financial statements for Dockett, Inc., are shown here (assuming no income taxes): Assets and costs are proportional to sales. Debt and equity

The most recent financial statements for Dockett, Inc., are shown here (assuming no income taxes):

Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year€™s sales are projected to be $8,449. What is the external financingneeded?

Income Statement Balance Sheet $7,100 Assets $21,900 Debt Sales Costs Equity $21,900 Tota $ 9,400 12,500 $21,900 4,370 Net income $2,730 Total

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