Carlsbad Corporation's sales are expected to increase from $ 5 million in 2 0 2 1 to
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Question:
Carlsbad Corporation's sales are expected to increase from $ million in to $ million in or by Its assets totaled $ million at the end of Carlsbad is at full capacity, so its assets must grow in proportion to projected sales. At the end of current liabilities are $ million, consisting of $ of accounts payable, $ of notes payable, and $ of accrued liabilities. Its profit margin is forecasted to be and the forecasted retention ratio is Use the AFN equation to forecast the additional funds Carlsbad will need for the coming year. Write out your answer completely. For example, million should be entered as Round your answer to the nearest dollar.
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