Question: Attempts: 4 Keep the Highest 48 6. Problem 9-02 (AFN Equation) Problem Walk-Through AFN equation Broussard Skateboard's sales are expected to increase by 20% from
Attempts: 4 Keep the Highest 48 6. Problem 9-02 (AFN Equation) Problem Walk-Through AFN equation Broussard Skateboard's sales are expected to increase by 20% from $8.6 million in 2018 to $10.32 million in 2019. Its assets totaled $4 million at the end of 2018 Broussards ready w fut capacity, so its assets must grow at the same rate as projected sales. At the end of 2018, current liabilities were $1.4 milion consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after tax profit margin is forecasted to be 7%, and the forecasted payout ratio is 65%. What would be the additional Minds needed? Do not round intermediate calculations. Round your answer to the nearest dollar ess Tips ess Tips Asume that the company's year end 2018 assets had been milion Is the company's capital intensity ratio the same or different? OR YOU The capital intensity ratio is measured as A Brossard is w a t intensive /5 Broussard's current capital intensity ratio is that of the film with $5 milion year end 2018 assets therefore, it would recure increase in total assets to support the increase in sales Tools or Introductory Dance Continue without
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