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Homework answers / question archive / The most recent financial statements for Zoso, Inc

The most recent financial statements for Zoso, Inc

Finance

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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