Question: 4 - 1 . Samibonoza Enterprises projects it's sales next Year to be $4 Million and EXPECTS to Falll } PERCENT of that amount after

4 - 1 . Samibonoza Enterprises projects it's sales next Year to be $4 Million and EXPECTS to Falll } PERCENT of that amount after taxEs . The firm is currently in the process Of projecting it's financing needs and has Made the following assumptions ( projections )* Current assets will Equal 20 percent of sales while fixed assets will remain at their CURRENT LEVEL Of $ 1 Million . Common Equity is currently O.& million and the firm pays out half its after- tax Earnings In dividends . The firm has short term payables and trade credit that normally equal 10 perCENT of sales and has no long - term debt outstanding* What are Gambonoza's financing needs for the Coming Year ?&quot

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