Judd Enterprises These are the simplified financial statements for Judd Enterprises. Income statementCurrent
Projected Salesna
1,000
Costsna
720
Profit before taxna
280
Taxes (25%)na
70
Net incomena
210
Dividendsna
63
Balance sheetsCurrentProjected CurrentProjectedCurrent assets 100
115
Current liabilities 70
81
Net fixed assets 900
1,080
Long-term debt 400
Common stock 300
Retained earnings 230
?
Refer to the Judd Enterprises financial statements. If Judd does not plan on issuing new stock or additional long-term debt, then what is the additional net financing needed for the projected year?
A. $30
B. $33
C. $37
D. $339
E. $396
Answer: C
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