The most recent financial statement for zoso inc are shown

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

Income Statement

Balance Sheet

Sales

$6,300

Assets

$18,300

Debt

$12,400

Costs

3,890



Equity

5,900

Net Income

$2,410

Total

$18,300

Total

$18,300

Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $7,434.

Required:

What is the external financing needed?

  1. $450
  2. $430
  3. $2,232
  4. $475
  5. $470

Reference no: EM13481389

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