Debt and equity are not no dividends are paid next years

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The most recent financial statements for ABC Company., are shown here (assuming no income taxes): Income Statement Sales $8,600 Costs(6,020) Net income $2,580 Balance Sheet Assets $24,940 Debt Equity $9,800 15,140 Total $24,940 Total $24,940 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $9,030. What is the external financing needed?

Reference no: EM13483169

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