The most recent financial statement for Williamson INC. are shown here (assuming no income taxes)
|
Income statement
|
Balance sheet
|
|
|
Sales $7,400
|
Assets $19,200
|
Debt $6,100
|
|
Cost 4,510
|
Equity $13,100
|
|
|
Net Income $2,890
|
Total $19,200
|
Total $19,200
|
- Assets and cost are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $8,954
- What is the external financing needed? (Do not round intermediate calculations and round your answer to the newest whole number)
- External financing needed is what?