Sales for the year just ended were 400 and fixed assets, Ask an Expert

Finance

Year Ended - Balance Sheet ($1,000s)

Cash

Accounts Payable

Accounts Receivable

Notes Payable

Inventory

Long Term Debt

Fixed Assets

180

Common Stock

Retained Earnings

Total Assets

240

Total Liabilities and Equity

240

Sales for the year just ended were $400, and fixed assets were used at 80% of capacity, but its current assets were at optimal levels. Sales are expected to grow by 10% next year, the profit margin is 5% and the dividend payout ratio is 60%. How much additional funds (AFN) will be needed?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9273229

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