Service

Chat Now

The most recent financial statements for Dockett, Inc., areshown here (assuming no income

The most recent financial statements for Dockett, Inc., areshown here (assuming no income

The most recent financial statements for Dockett, Inc., areshown here (assuming no income taxes):

 

Income Statement

 

Balance Sheet

 

  Sales

$

9,400

 

  Assets

$

19,050

 

  Debt

$

6,050

 

  Costs

 

6,940

 

 

 

 

 

  Equity

 

13,000

 

 

 

 

 

 

 

 

 

 

 

 

 

    Netincome

$

2,460

 

    Total

$

19,050

 

    Total

$

19,050

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                       

 

Assets and costs are proportional to sales. Debt and equity arenot. No dividends are paid. Next year’s sales are projected to be$11,280.

 

What is the external financing needed? (Please round to 2decimal places)

Abhinav 02-Dec-2019

Answer (UnSolved)

question Get solution