External Financing Needed
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Trying to figure out the external financing needed (assuming no income taxes).
Assets and cost are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,967.
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Solution Summary
Solution contains calculations of External Financing Needed.
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Income Statement Balance Sheet
Sales $5,100
Costs 3,480
Net Income $1,620
Assets $14,500 Debt $10,200
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