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Calculating External Financing Needed Trying to figure out the external financing needed (assuming no income taxes). Sales Income Statement $5,100...

Trying to figure out the external financing needed(assuming no income taxes).
Assets and cost are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,967.

Income Statement Balance Sheet
Sales $5,100
Costs 3,480
Net Income $1,620
Assets $14,500
Debt $10,200
Equity 4,300
_______
Total $14,500 Total $14,500
Calculating External Financing Needed Trying to figure out the external financing needed (assuming no income taxes). Income Statement Balance Sheet Sales $5,100 Costs 3,480 Net Income $1,620 Assets $14,500 Debt $10,200 Equity 4,300 _______ Total $14,500 Total $14,500 Assets and cost are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,967.
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