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What is the external financing needed? Multiple Choice O O O O $4,361 $4,491 $4,241 $4,771 $4,616

What is the external financing needed? Multiple Choice O O O O $4,361 $4,491 $4,241 $4,771 $4,616

Essentials Of Investments
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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The most recent financial statements for Kerch, Incorporated, are shown here (assuming no income taxes): Income Statement Sales Costs Net income $ 4,300 3,390 $910 Multiple Choice $4,361 $4,491 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,972. What is the external financing needed? $4,241 $4,771 Assets $4,616 Balance Sheet $ 14,800 Debt Equity Total $14,800 $ 10,500 4,300 Total $14,800
Transcribed Image Text:The most recent financial statements for Kerch, Incorporated, are shown here (assuming no income taxes): Income Statement Sales Costs Net income $ 4,300 3,390 $910 Multiple Choice $4,361 $4,491 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,972. What is the external financing needed? $4,241 $4,771 Assets $4,616 Balance Sheet $ 14,800 Debt Equity Total $14,800 $ 10,500 4,300 Total $14,800
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