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A Firm Has the Following Balance Sheet

Question 75

Multiple Choice

A firm has the following balance sheet. It expects sales to increase 30% over the previous year's level of $9,000, and anticipates retaining $3,000 of its earnings. A firm has the following balance sheet. It expects sales to increase 30% over the previous year's level of $9,000, and anticipates retaining $3,000 of its earnings. According to the un modified percentage of sales method, the amount of external funds needed will be: A) $2,400. B) $6,450. C) $3,450. D) None of the above According to the un modified percentage of sales method, the amount of external funds needed will be:


A) $2,400.
B) $6,450.
C) $3,450.
D) None of the above

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