Ford has the following information related to 2020: -Sales $1,000,000 -Current Assets 350,000 -Long-Term Assets 650,000 -Current

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Ford has the following information related to 2020:

-Sales $1,000,000

-Current Assets 350,000

-Long-Term Assets 650,000

-Current Liabilities 120,000

-Long-Term Liabilities 280,000

-Common Stocks 550,000

-Retained Earnings 50,000

Sales are expected to grow by 20% next year with expected Net Profit Margin 20% and Dividends layout 60%

Required:

1.How much discretionary Financing needed by Ford in 2021?

2.What are the least expensive sources to get it?

Related Book For answer-question

Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

See More Books

Posted Date: Apr 03, 2023 11:11 PM

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Ford has the following information related to 2020: -Sales $1,000,000 -Current Assets 350,000 -Long-Term Assets 650,000 -Current

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To determine the discretionary financing needed by Ford in 2021 we need to calculate the projected v... View the full answer

Intermediate Accounting IFRS

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