The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes):...
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Finance
The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes):
Income Statement
Sales
$8,400
Costs
5,040
Net income
$3,360
Balance Sheet
Assets
$26,880
Debt
$11,000
Equity
15,880
Total
$26,880
Total
$26,880
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years sales are projected to be $10,668. What is the external financing needed? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to the nearest whole number.)
Answer is complete but not entirely correct.
EFN
$-538selected answer incorrect
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