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The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes): Income...

The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes): Income Statement Sales $ 7,000 Costs (4,200 ) Net income $ 2,800 Balance Sheet Assets $ 20,300 Debt $ 10,800 Equity 9,500 Total $ 20,300 Total $ 20,300 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year’s sales are projected to be $7,700. What is the external financing needed? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to the nearest whole number.)

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EFN = -1050

jeff jeffy answered 5 months ago
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