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QUESTION
"The most recent financial statements for Watchtower, Inc. are shown here (assuming no income taxes):
"The most recent financial statements for Watchtower, Inc. are shown here (assuming no income taxes):Income StatementSales $4100Costs $2624Net Income $1476Balance SheetAssets $9110 Debt $5833Equity $3277Total $9110 $9110 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,002. What is the amount of the external financing need? Answer Selections belowa)$203 b)$197 c)$211 d)$223 e)$218
The most recent financial statements for Watchtower, Inc. are shown here (assuming no incometaxes):Income StatementSales $4100Costs $2624Net Income $1476Balance SheetAssets $9110 Debt $5833...