Question: 6. Problem 9-06 (Additional Funds Needed) Additionat Funds Needed The Booth Compeny's sales are forecasted to double from 51,000 in 2018 to 12,000 in 2019.
6. Problem 9-06 (Additional Funds Needed) Additionat Funds Needed The Booth Compeny's sales are forecasted to double from 51,000 in 2018 to 12,000 in 2019. Here is the December 31, 2018, baiance sheek: mootn s roxea assets were used to only 50.96 of capscity during 2018, but its current assets were ot their proper leveis in relation to sales. All assets except fuxed astets must increase at the same rate as sales, and fored assets would afoo have to increase at the same rate if the current excess capacty did not exist. Booth's aftertax profit margin is forecasted to be 6\% and its payout rabo to be 60\%. What is Booth's additional funds needed (AFN) for the coming year? Rlound your answer to the nearest dollar
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