The most recent financial statement for Williamson INC.
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The most recent financial statement for Williamson INC. are shown here (assuming no income taxes)
| Income statement | Balance sheet | |
| Sales $7,400 | Assets $19,200 | Debt $6,100 |
| Cost 4,510 | Equity $13,100 | |
| Net Income $2,890 | Total $19,200 | Total $19,200 |
Assets and cost are proportional to sales. Debt and equity are not. No dividends are paid. Next yearâs sales are projected to be $8,954
What is the external financing needed? (Do not round intermediate calculations and round your answer to the newest whole number)
External financing needed is what?
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