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The most recent financial statements for Williamson, Inc., shown here

Question : The most recent financial statements for Williamson, Inc., shown here

The most recent financial statements for Williamson, Inc., are shown here (assuming no income taxes):

Income Statement Balance Sheet

Sales $ 6,900                                           Assets $ 15,950                     Debt $ 6,350

Costs 4,360                                                                                             Equity 9,600

Net income $ 2,540                                 Total $ 15,950                         Total $ 15,950

Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year’s sales are projected to be $8,418.

What is the external financing needed? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

What is the external financing needed? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

 

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