The most recent financial statements for Bradley, Inc., are shown her.pdf

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The most recent financial statements for Bradley, 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 $10,578. What is the external financing needed? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to the nearest whole dollar. Omit the \"$\" sign in your response.) Solution Statement showing computations Particulars Amount New Sales 10,578.00 Existing Sales 8,600.00 Increase in sales = 10578 - 8600 1,978.00 Increase in % = 1978/8600 23.00% Sales 10,578.00 Costs = 6020*1.23 7,404.60 Income to be retained as no dividend 3,173.40 New Assets should be = 24940*1.23 30,676.20 New Equity = 15140 + 3173.40 18,313.40 New Debt should be = Assets - Equity 12,362.80 Existing Debt 9,800.00 Increase in debt through external financing= 12362.80 - 9800 2,562.80.

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