Company A's current sales are $120.The balance sheet is below.Suppose the sales growth rate is 10%.Short-term debt,long-term debt,and equity do not change.What is the external financing needed for next year?

A) $13.5
B) -$13.5
C) $165
D) $151.5

Question

Company A's current sales are $120.The balance sheet is below.Suppose the sales growth rate is 10%.Short-term debt,long-term debt,and equity do not change.What is the external financing needed for next year?
  
A) $13.5 
B) -$13.5 
C) $165 
D) $151.5

Quizplus · Accepted Answer

11ea8229_34ac_2b9e_bbd8_bfca7ba21907_TB1726_00

Company A's Current Sales Are $120