The most recent financial statements for Zoso, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $4,600 Assets $14,500 Debt $10,500 Costs 3,460 Equity 4,000 Net income $1,140 Total $14,500 Total $14,500 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,959.
Required: What is the external financing needed? (Do not round your intermediate calculations.)
- $2,677
- $2,557
- $2,807
- $3,087
- $2,932