Granger Inc.has done the following projections for its balance sheet: total assets of $15 million,current liabilities of $3 million,long-term liabilities of $8 million,and stockholders' equity of $2 million.How much net new financing is needed in the following year?
A)$4 million
B)$2 million
C)$6 million
D)$0
E)$1 million

Question

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The Answer of Granger Inc.has done the following projections for its balance sheet: total assets of $15 million,current liabilities of $3 million,long-term liabilities of $8 million,and stockholders' equity of $2 million.How much net new financing is needed in the following year?
A)$4 million
B)$2 million
C)$6 million
D)$0
E)$1 million