christellecatpaw christellecatpaw

14-02-2024
Business

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

Income Statement Balance Sheet
Sales $ 6,900 Assets $ 15,950 Debt $ 6,350
Costs 4,360 Equity 9,600

Net income $ 2,540 Total $ 15,950 Total $ 15,950

Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year’s sales are projected to be $8,418.

What is the external financing needed? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

The most recent financial statements for Kerch Inc are shown here assuming no income taxes Income Statement Balance Sheet Sales 6900 Assets 15950 Debt 6350 Cost class=

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