most recent financial statements for kerch inc are shown here. the Assuming no income taxes. income statement Balance Sheet sales $8,300 assets $23,200 Debt $9,00 costs 5,400 _______ Equity 14200 net 2810 Total $23,200 Total $23,20 income Assets...

70.2K

Verified Solution

Question

Finance

most recent financial statements for kerch inc are shownhere.

the Assuming no income taxes.

income statement

Balance Sheet

sales

$8,300

assets

$23,200

Debt

$9,00

costs

5,400

_______

Equity

14200

net

2810

Total

$23,200

Total

$23,20

income

Assets and cost are proportional to sales. Debt and equity arenot. No dividends are

paid. Next year's sales are projected to be $9545

What is the external financing needed?

Answer & Explanation Solved by verified expert
4.1 Ratings (734 Votes)
    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

most recent financial statements for kerch inc are shownhere.the Assuming no income taxes.income statementBalance Sheetsales$8,300assets$23,200Debt$9,00costs5,400_______Equity14200net2810Total$23,200Total$23,20incomeAssets and cost are proportional to sales. Debt and equity arenot. No dividends arepaid. Next year's sales are projected to be $9545What is the external financing needed?

Other questions asked by students