Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes): Income State

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answerhappygod
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Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes): Income State

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Consider the following simplified financial statements for theFire Corporation (assuming no income taxes):
Income Statement
Sales
$30,048
Costs
$27,896
Balance Sheet
Assets
$55,636
Debt
$18,369
Equity
?
The company has predicted a sales increase of 7 percent. AssumeFire pays out half of net income in the form of a cash dividend.Costs and assets vary with sales, but debt and equity do not.
Determine the external financing needed. Round 2 decimalplaces.
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