Porter's Corner Has Sales of $4,650 Net Income of $490

Multiple Choice

Porter's Corner has sales of $4,650 net income of $490, total assets of $5,820, and total debt of $2,760. Assets and costs are proportional to sales. Debt and equity are not. No dividends or taxes are paid. Next year's sales are projected to be $5,487. What is the amount of the external financing needed?

A) −$28
B) $469
C) $611
D) $1,048
E) $823