3. Problem 16.03 Gick here to read the book The Nation AFN EQUATION Carlsbad Corporation's sales expected to increase from multor in 2016 to 56 on 2013, cr by 20%. Its ett totaled sa miten at the end of 2016. Carlsbad is a full capacity, so it its must grom in proportion to propeded sales. At the end of 2016, current battere coming of $250,000 of counts payabb, 500,000 ote wahit, and $250,000 of accrued be the porn forected to be As the condividende Hondarroa Behere the saditional and ended for this concerns youWines out your money cephely teren, motion should be enterest was,000,000 Why is this art from the one when the company pays dividende Under the scenario the company would have a higher level of red wide wild reduce the root of funds coded Under this serie the company would have a higher level of retained earnings which would reduce the wount of a needed minder this sceno the company would have a higher level of spontaneous to which would reduce the amount of confundet TV. Under the scene the company wood have a lower level of retained, which would crease the amount odionfunded Under this scenarthe company will have a lower level of retained which decrease the amount of additional funds needed Get AFN EQUATION Carlsbad Corporation's sales are expected to increase from $5 million in 2016 to $6 million in 2017, or by 20%. Its assets totaled 1 million of the end of 2016. Carlsbad is at tull capacity, its assets must grow in proportion to projected sales. At the end of 2016, current liabilities are $1 million, consisting of $250,000 of accounts payable, $500,000 of notes payable, and $250,000 accrued liabilities. Its profit margin is forecasted to be 6% 3. Assume that the company pays no dividends. Under these assumptions, what would be the additional funds needed for the coming year? Write out your answer completely. For example, 5 million should be entered 5,000,000 Round your answer to the nearest cent. h. Why is this APN different from the one when the company pays dividends 1. Under this scenario the company would have a higher level of retained earings, which would reduce the amount of assets needed. 11. Under this scenario the company would have a higher level of spontaneous abilities, which would reduce the amount of additional funds needed III. Under this scenario the company would have a lower level of retained earnings, which would increase the amount of additional funds needed TV. Under this scenario the company would have a lower level of retained earnings, which would decrease the amount of additional funds cedet V. Under this scenario the company would have a higher level of retained earnings, which would reduce the amount of additional funds needed -Select