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The most recent financial statements for Kerch, Inc., are shown here (assuming no ...

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Accounting

The most recent financial statements for Kerch, Inc., are shown here (assuming no
income taxes):
Assets and costs are proportional to sales. Debt and equity are not. No dividends are
paid. Next year's sales are projected to be $11,904.
What is the external financing needed? (Do not round intermediate calculations and
round your answer to 2 decimal places, e.g.,32.16.)
External financing needed
image

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