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value: 10.00 points The most recent financial statements for Hornick, Inc., are shown here (assuming...

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Accounting

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value: 10.00 points The most recent financial statements for Hornick, Inc., are shown here (assuming no income taxes): Income Statement Sales $ 9,200 Costs 6,430 Assets Balance Sheet $27,000 Debt Equity $13,000 14,000 Net income $ 2,770 Total $27,000 Total $27,000 = Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $10,304. 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 Hints References eBook & Resources Hint #1

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