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

The most recent financial statements for Williamson 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 $9,006. What is the external financing needed?

Income Statement Sales Costs Balance Sheet 7900 Assets $17,400 Debt 8,400 Equity 9.000 Net income $1,760 Total $17,400 Total $17,400 6,140

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