The most recent financial statements for Zoso, Inc are shown here assuming no income taxes: income statement: sales $4,200, cost 3,450, net income $750, assets $14,600, total $ 14,600, debt $11,100, equity 3,500, total $14,600. Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years sales are projected to be $5,970. What is the external financial needed?

Managerial Accounting: The Cornerstone of Business Decision-Making
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Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
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The most recent financial statements for  Zoso, Inc are shown here assuming no income taxes: income statement: sales $4,200, cost 3,450, net income $750, assets $14,600, total $ 14,600, debt $11,100, equity 3,500, total $14,600. Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years sales are projected to be $5,970. What is the external financial needed?

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