Home / Questions / The most recent financial statement for Edibles Inc. are shown below (assuming no income t
The most recent financial statement for Edibles Inc. are shown below (assuming no income taxes):
Sales
$5,560
Costs
3,770
Net Income
$1,790
Assets
$15,000
Debt
$6,600
Equity
8,400
Total
$15,000
$15,000
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year’s sales are projected to be $6,879. What is the external financing needed?
|
Sales |
$5,560 |
|
|
|
|
Costs |
3,770 |
|
|
|
|
Net Income |
$1,790 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets |
$15,000 |
|
Debt |
$6,600 |
|
|
|
|
Equity |
8,400 |
|
|
|
|
|
|
|
Total |
$15,000 |
|
|
$15,000 |
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