Calculating efn


The most recent financial statements for Zoso, Inc., are shown here (assuming no income taxes):

Income Statement Balance Sheet

Sales $6,300 Assets $18,300 Debt $12,400

Costs 3,890 Equity 5,900

Net income

$2,410

Total

$18,300

Total

$18,300

Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $7,434. The external financing needed is $______.

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Finance Basics: Calculating efn
Reference No:- TGS052232

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