The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes): Income Statement Sales Costs Net income Assets Total GEN $9,200 -5,520 $3,680 Balance Sheet $26,680 Debt Equity $26,680 Total Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $10,212. What is the external financing needed? (A negative value should be indicated by a minus sign. Do not round intermediat calculations. Round your answer to the nearest whole number.) $10,800 15,880 $26,680 -1,329 Answer is complete but not entirely correct. $
The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes): Income Statement Sales Costs Net income Assets Total GEN $9,200 -5,520 $3,680 Balance Sheet $26,680 Debt Equity $26,680 Total Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $10,212. What is the external financing needed? (A negative value should be indicated by a minus sign. Do not round intermediat calculations. Round your answer to the nearest whole number.) $10,800 15,880 $26,680 -1,329 Answer is complete but not entirely correct. $
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes):
Income Statement
Sales
Costs
Net income
Assets
EEN
Total
$9, 200
-5,520
$3,680
Balance Sheet
$26,680 Debt
$26,680
Equity
-1,329
Total
$10,800
15,880
$26,680
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be
$10,212. What is the external financing needed? (A negative value should be indicated by a minus sign. Do not round intermediate
calculations. Round your answer to the nearest whole number.)
Answer is complete but not entirely correct.
$
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