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Business, 20.09.2020 09:01 Averybeam300

The most recent financial statements for Hornick, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales$6,700 Assets$22,050 Debt$8,050 Costs 3,850 Equity 14,000 Net income$2,850 Total$22,050 Total$22,050 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year’s sales are projected to be $7,906. What is the external financing needed? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) External financing needed$

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