The most recent financial statements for DJ Inc., are shown here (assuming no income taxes):...
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Finance
| The most recent financial statements for DJ Inc., are shown here (assuming no income taxes): |
| Income Statement | Balance Sheet | ||||
| Sales | $4,200 | Assets | $14,700 | Debt | $10,700 |
| Costs | 3,390 | Equity | 4,000 | ||
| Net income | $810 | Total | $14,700 | Total | $14,700 |
| Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,977. |
| Required: |
| What is the external financing needed? (Do not round) |
Multiple Choice (select an answer)
A. $5,347
B. $5,192
C. $4,937
D. $5,067
E. $4,817
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