The most recent financial statement for Edibles Inc. are shown be

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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

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

Abhinav 02-Dec-2019

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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 t

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