he most recent financial statements for Bradley, Incorporated, are shown here (assuming no income taxes): Sales Costs Income Statement Net income Assets Total Balance Sheet $ 16,000 $ 16,000 $ 5,000 -3,000 $ 2,000 External financing needed Debt Equity Total $ 9,000 7,000 $ 16,000 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $6,450. What is the external financing needed? Note: A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to the nearest whole number.
he most recent financial statements for Bradley, Incorporated, are shown here (assuming no income taxes): Sales Costs Income Statement Net income Assets Total Balance Sheet $ 16,000 $ 16,000 $ 5,000 -3,000 $ 2,000 External financing needed Debt Equity Total $ 9,000 7,000 $ 16,000 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $6,450. What is the external financing needed? Note: A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to the nearest whole number.
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 Bradley, Incorporated, are shown here (assuming no income taxes): Sales Costs Income Statement Net income Assets Total Balance Sheet $ 16,000 $ 16,000 $ 5,000 -3,000 $ 2,000 External financing needed Debt Equity Total $ 9,000 7,000 $ 16,000 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $6,450. What is the external financing needed? Note: A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to the nearest whole number.
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