The most recent financial statements for Dockett, Inc., are shown here (assuming no income taxes): Income Statement Sale
Posted: Fri Jul 01, 2022 7:48 am
The most recent financial statements for Dockett, Inc., areshown here (assuming no income taxes):
Income Statement
Sales
$7,123
Costs
$4,312
Balance Sheet
Assets
$18,576
Debt
$9,285
Equity
?
Assets and costs are proportional to sales. Debt and equity arenot. No dividends are paid. Next year’s sales are projected to be$7,804.
What is the external financing needed?
Income Statement
Sales
$7,123
Costs
$4,312
Balance Sheet
Assets
$18,576
Debt
$9,285
Equity
?
Assets and costs are proportional to sales. Debt and equity arenot. No dividends are paid. Next year’s sales are projected to be$7,804.
What is the external financing needed?