The most recent financial statements for Zoso, Inc., are shown here (assuming no income taxes): Income Statement Sales Costs Net income $5,000 Assets 3,390 $1,610 Total Balance Sheet $14,700 Debt Equity $14,700 Total $11,100 3,600 $14,700 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,962. What is the external financing needed? (Do not round your intermediate calculations.)
The most recent financial statements for Zoso, Inc., are shown here (assuming no income taxes): Income Statement Sales Costs Net income $5,000 Assets 3,390 $1,610 Total Balance Sheet $14,700 Debt Equity $14,700 Total $11,100 3,600 $14,700 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,962. What is the external financing needed? (Do not round your intermediate calculations.)
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:Multiple Choice
$1,189
$909
$659
$779
$1,034
Transcribed Image Text:The most recent financial statements for Zoso, Inc., are shown here (assuming no
income taxes):
Income Statement
Sales
Costs
Net
income
$5,000 Assets
3,390
$1,610 Total
Balance Sheet
$14,700 Debt
Equity
$14,700 Total
$11,100
3,600
$14,700
Assets and costs are proportional to sales. Debt and equity are not. No dividends are
paid. Next year's sales are projected to be $5,962. What is the external financing
needed? (Do not round your intermediate calculations.)
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