The Most Recent Financial Statements for Watchtower,Inc

question 67

Multiple Choice

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

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