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Business, 21.05.2020 08:01 Lianabel0517

The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $ 8,400 Assets $ 14,000 Debt $ 6,000 Costs 6,390 Equity 8,000 Net income $ 2,010 Total $ 14,000 Total $ 14,000 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year’s sales are projected to be $9,996. What is the external financing needed? (Do not round intermed

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The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes): Inc...
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