Assets and costs are proportional to sales debt and equity, Finance Basics

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Assets and costs are proportional to sales debt and equity

Calculating EFN The most recent financial statements for Incredible Edibles, Inc., are shown here (assuming no income taxes):

Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $9,660. What is the external financing needed?

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Finance Basics: Assets and costs are proportional to sales debt and equity

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Finance Basics: Assets and costs are proportional to sales debt and equity

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