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

	Marbell Inc.
	Balance Sheet
	12/31/2003
Assets		Liabilities and Stockholders' Equity
Cash	$15,000	Accts. Payable	$90,000
Accts. Rec.	90,000	Notes payable (non-spontaneous)	30,000
Inventory	60,000	Accrued expenses	7,500
Current Assets	165,000	Current Liabilities	127,500
Fixed assets (non-spontaneous)	60,000	Common stock	75,000
		Retained earnings	22,500
Total assets	$225,000	Total Liabilities + S. E. Equity	$225,000

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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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M921526

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