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The most recent financial statements for Hu, Incorporated, 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 $11,280. What is the external financing needed? (Do not
round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Answer is complete but not entirely correct.

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The most recent financial statements for Hu Incorporated a.pdf

  • 1. The most recent financial statements for Hu, Incorporated, 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 $11,280. What is the external financing needed? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Answer is complete but not entirely correct.