Determine external financing needed

Reference no: EM1344054

The most recent financial statements for Dockett, 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? Round your answer to 2 decimal places. (e.g., 32.16)

External financing needed $

Reference no: EM1344054

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