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Homework answers / question archive / The most recent financial statements for Zoso, Inc
The most recent financial statements for Zoso, Inc., are shown here (assuming no income taxes):
Income Statement Balance Sheet
Sales Assets $15,000 Debt $10,900
$4,900 Equity 4100
Costs 3,430 Total $15,000 Total $15,000
Net income $1,470
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,969. What is the external financing needed? (Do not round your intermediate calculations.)
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