Attempts Average/4 1. The Additional Funds Needed (AFN) equation Cold Duck Manufacturing Inc. has the following end-of-year balance sheet: Cold Duck Manufacturing Inc. Balance Sheet For the Year Ended on December Assets Labilities Current Assets: Current Liabilities: Cash and equivalents $150,000 Accounts payable $250,000 Accounts receivable 400,000 Accrued liabilities 150,000 Inventories 350,000 Notes payable 100,000 Total Cum Assets $900,000 Total Current Labdities 5500,000 Net Fixed Assets: Long-Term Bonds 1,000,000 Net plant and equipment $2,100,000 Total Debt 51,500,000 (cost minus depreciation) Common Equity Common stock 300,000 Retained earnings 700.000 Total Common Equat $1,500,000 Total Aves $1,000,000 Total abilities and Equity 5,000,000 o O HI 140 0 10 $ 6 8 9 Tools The is currently in the process of focente, ruments, and reared funding for the coming yet in the earthotel Cold Duck Manufacturing in generated $300,000 net income one of 3,000,000. The firm expected to increase by the and also expects to maintain its long-run dividend pay ratio of 499 Tips Super Cald Duck Manufacturing our sets are tally utilized. Use the adationin kunde needed are equal to discourse the meantime in test ips niets that is nossary to support Cold Duck Manufacturing for expected sales. (Note: Do not round) $567.000 U $513.000 ols $432.000 $540,000 Sductory When firm grows, wone grow sportasyong with a pochette wwerally, so they reduce the need for external How much of the increase will be led by Duck Manufacturing Inc. this year? (Note: Dortmund Intermediate class $57,600 O $72,000 O 575,600 50,400 they but BIAM $72,000 O $75,600 O $68,400 addition, Cold Duck Manufacturing Inc. is expected to generate net income this year. The firm will pay out some of its earnings as dividends but will stain the rest for future asset investment. Again, the more a firm generates internally from its operations, the less it will have to raise externally from the capital markets. Assume that the firm's profit margin and dividend payout ratio are expected to remain constant. from operations that will be added to Given the preceding information, Cold Duck Manufacturing Inc. is expected to generate $ retained earnings. (Note: Do not round intermediate calculations.) (Note: Do not found According to the AFN equation and projections for Cold Duck Manufacturing Inc, the firm's AFN is $ intermediate calculations.) Grade It Now Save & Continue Continue without saving 74