The most recent financial statements for Watchtower, Inc.are shown here (assuming no income taxes): Assets and costs are proportional to sales.Debt and equity are not.No dividends are paid.Next year's sales are projected to be $4,750.What is the amount of the external financing needed?
A)$797
B)$808
C)$811
D)$818
E)$823

Question

The most recent financial statements for Watchtower, Inc.are shown here (assuming no income taxes):  Assets and costs are proportional to sales.Debt and equity are not.No dividends are paid.Next year's sales are projected to be $4,750.What is the amount of the external financing needed?
A)$797 
B)$808 
C)$811 
D)$818 
E)$823

Quizplus · Accepted Answer

The Answer of The most recent financial statements for Watchtower, Inc.are shown here (assuming no income taxes):  Assets and costs are proportional to sales.Debt and equity are not.No dividends are paid.Next year's sales are projected to be $4,750.What is the amount of the external financing needed?
A)$797 
B)$808 
C)$811 
D)$818 
E)$823

The Most Recent Financial Statements for Watchtower, Inc