Answered>Order 1024
A company sales are forecasted to double from $1,000 in 2015 to $2,000 in 2016.
balance sheet:
Cash $ 100
Accounts payable $ 50
Accounts receivable $200
Notes payable $150
Inventories $200
Accruals $50
Net fixed assets $500
Long-term debt $400
Common stock $100
Retained earnings $250
Total assets $1000
Total liabilities and equity $1000
fixed assets were used to only 50% of capacity during 2015.
After-tax is forecasted to be 4% and payout ratio to be 35%.
What is the additional funds needed (AFN) for the coming year?
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