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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

Dec 02 2019 Read more Less More

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