The most recent financial statements for Kerch, Incorporated, are shown here (assuming no income taxes):...
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Finance
The most recent financial statements for Kerch, Incorporated, are shown here (assuming no income taxes): Income Statement Sales $ 4,600 Costs 3,460 Net $ 1,140 income Balance Sheet Assets $ 14,800 Debt $ 10,500 Equity 4,300 Total $ 14,800 Total $14,800 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,963. What is the external financing needed
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