Additional Funds Needed AFN Cash $500 Accounts Receivable 5,300 5,450 Inventories Total current assets Net fixed...

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Additional Funds Needed AFN Cash $500 Accounts Receivable 5,300 5,450 Inventories Total current assets Net fixed assets Total assets Balance Sheet (in millions) $11,250 18,360 ABC Co $29,610 Accounts payable Bank loan Accruals Total current liabilities long term debt Common stock retained earnings Total Liabilities and stockholders equity $3,600 4,000 2,120 $9,720 4,500 1,000 14,390 $29,610 This year's sales is at $30M which is forecasted to grow by 35%. Profit margin target is 5% while dividend is planned to be at $.3M by next year. Calculate the additional funds needed. Additional Funds Needed AFN Cash $500 Accounts Receivable 5,300 5,450 Inventories Total current assets Net fixed assets Total assets Balance Sheet (in millions) $11,250 18,360 ABC Co $29,610 Accounts payable Bank loan Accruals Total current liabilities long term debt Common stock retained earnings Total Liabilities and stockholders equity $3,600 4,000 2,120 $9,720 4,500 1,000 14,390 $29,610 This year's sales is at $30M which is forecasted to grow by 35%. Profit margin target is 5% while dividend is planned to be at $.3M by next year. Calculate the additional funds needed.

Answer rating: 100% (QA)

To calculate the additional funds needed AFN we need to consider the forecasted sales growth profit ... View the full answer