1. Practice Problem 16-1 Futuristic Development (FD) generated 3 million in sales last year with a qual to 16 milion. The firm sperated at fut capacity last year According to FC's balance sheet, the only current Labdities are c comprised pavable, which pols $570,000, the only other liability is long-term debt, which equals $1,185,000. The common equity action 500,000 shares of common stack with a book value equal to 13 mill and $1,245,000 of retained samings Next year, FD expects its sales will increase by 15 percent. The company's net profit margin is expected to remain at ts carrent level, which is percent of sales FD plans to pay dividends ego 10.30 per share. It se plans to issum 30,000 shares of new common stock, which will raise $320,000. Estimate the additional funds needed (AFN) to achieve the fecanted sales at year Round your answer to the nearest dola 1. Practice Problem 16-1. Book 500,000 shares of (4) mmen steck with a box ali epil Futuristic Development (FD) generated $3 milion in sales last year with assets equal to $6 milion. The firm sperated at fut capacity last year. According to F's balance sheet, the only current bona ac level, which is percent of sales 10 pa to pa payable, which equals $570,000. The only sther ability is long-terme debt, which equals $1,185,000. The con quyon achieve the forecasted sales and $1,245,000 of retained earnings. Next year, FD expects its sales will increase by 15 percent. The company's net profit marginxed to dividends equal to 10.30 per share. It also plans to issue 50,000 shares of new common stack, which will raise $320,000, Estimate the addomal funds needed i your answer to the nearest dollar Back to Assignment Attemp 0 K0/2 1. Practice Problem 16-1 E +Book by Puurid Development (1) generated 52 min in sales last year with assets egal to $4 million. The firm sperated at fuit capacity last year. According to FO's balance sheet, the only current abilities are accounts peable, which als 1000. The only the 670,000. The common equity sect is comprised of 500,000 shares of common stock with a book value equal to 12 mon expedi sales will increase by 21 percent. The company's not profit margin is expected to remain at its current level, which is 15 percent of sales. FO plans to pay shares of common stock, which will raise 1280,000. Estimate the additional funds needed (AFN) to achieve the forecasted sales next year Round and sing Net dan Bi Grade it Now Save & Continue Connue without saving 1. Practice Problem 16-1 Futuristic Development (FD) generated 3 million in sales last year with a qual to 16 milion. The firm sperated at fut capacity last year According to FC's balance sheet, the only current Labdities are c comprised pavable, which pols $570,000, the only other liability is long-term debt, which equals $1,185,000. The common equity action 500,000 shares of common stack with a book value equal to 13 mill and $1,245,000 of retained samings Next year, FD expects its sales will increase by 15 percent. The company's net profit margin is expected to remain at ts carrent level, which is percent of sales FD plans to pay dividends ego 10.30 per share. It se plans to issum 30,000 shares of new common stock, which will raise $320,000. Estimate the additional funds needed (AFN) to achieve the fecanted sales at year Round your answer to the nearest dola 1. Practice Problem 16-1. Book 500,000 shares of (4) mmen steck with a box ali epil Futuristic Development (FD) generated $3 milion in sales last year with assets equal to $6 milion. The firm sperated at fut capacity last year. According to F's balance sheet, the only current bona ac level, which is percent of sales 10 pa to pa payable, which equals $570,000. The only sther ability is long-terme debt, which equals $1,185,000. The con quyon achieve the forecasted sales and $1,245,000 of retained earnings. Next year, FD expects its sales will increase by 15 percent. The company's net profit marginxed to dividends equal to 10.30 per share. It also plans to issue 50,000 shares of new common stack, which will raise $320,000, Estimate the addomal funds needed i your answer to the nearest dollar Back to Assignment Attemp 0 K0/2 1. Practice Problem 16-1 E +Book by Puurid Development (1) generated 52 min in sales last year with assets egal to $4 million. The firm sperated at fuit capacity last year. According to FO's balance sheet, the only current abilities are accounts peable, which als 1000. The only the 670,000. The common equity sect is comprised of 500,000 shares of common stock with a book value equal to 12 mon expedi sales will increase by 21 percent. The company's not profit margin is expected to remain at its current level, which is 15 percent of sales. FO plans to pay shares of common stock, which will raise 1280,000. Estimate the additional funds needed (AFN) to achieve the forecasted sales next year Round and sing Net dan Bi Grade it Now Save & Continue Connue without saving