What is the external financing needed

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

Statement of Comprehensive Income Statement of Financial Position

Sales $9,600

Assets $16,000

Debt $4,000

Costs 7,470

Equity 12,000

Net income $2,130

Total $16,000 Total $16,000

Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $11,904.

Required - What is the external financing needed?

Reference no: EM133038453

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