The most recent financial statement 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.
Required:
What is the external financing needed?
- $450
- $430
- $2,232
- $475
- $470