Question

The most recent financial statements for Dockett, Inc., are shown here (assuming no income taxes): Income...

The most recent financial statements for Dockett, Inc., are shown here (assuming no income taxes):

Income Statement

  Sales

$6898

  Costs

$4001

Balance Sheet

  Assets

$19393

  Debt

$6260

Equity

?

Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year’s sales are projected to be $9896.

What is the external financing needed? (round 2 decimal places)

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