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problem: The following is the balance sheet for 2003 for Marbell Inc.


Marbell Inc.



Balance Sheet







Liabilities and Stockholders' Equity




Accts. Payable


Accts. Rec.


Notes payable (non-spontaneous)




Accrued expenses


Current Assets


Current Liabilities


Fixed assets (non-spontaneous)


Common stock




Retained earnings


Total assets


Total Liabilities + S. E. Equity


Sales for 2002 were $300,000. Sales for 2003 have been projected to increase by 20 percent. Suppose that Marbell Inc. is operating below capacity, compute the amount of new funds needed to finance this growth. Marbell has an 8 percent return on sales & 70% is paid out as dividends.


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  • Category:- Basic Finance
  • Reference No.:- M921526

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