1. A firm has the following balance sheet: Cash Accounts receivable Inventory Fixed assets Total assets...

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1. A firm has the following balance sheet: Cash Accounts receivable Inventory Fixed assets Total assets $ 20 40 Accounts payable Notes payable 20 Long-term debt 180 Common stock Retained earnings $260 Total liabilities and equity $ 10 70 80 80 20 $260 Sales for the year just ended were $400, and fixed assets were used at 100 percent of capacity. Sales are expected to grow by 25 percent next year, the profit margin is 5 percent, and the dividend payout ratio is 60 percent. How much additional funds (AFN) will be needed?(3 points) 1. A firm has the following balance sheet: Cash Accounts receivable Inventory Fixed assets Total assets $ 20 40 Accounts payable Notes payable 20 Long-term debt 180 Common stock Retained earnings $260 Total liabilities and equity $ 10 70 80 80 20 $260 Sales for the year just ended were $400, and fixed assets were used at 100 percent of capacity. Sales are expected to grow by 25 percent next year, the profit margin is 5 percent, and the dividend payout ratio is 60 percent. How much additional funds (AFN) will be needed?(3 points)