Balance Sheet

Cash $180000

A/R 160000

Inventory 110000

Fixed assets 300000

Less acc depr 200000

Net fixed assets 100000

total assets 550000

A/P 50000

Bonds P 100000

Common stock 100000

capital paid in excess of par 75000

Retained earnings 225000

total liabilities and stockholders equity 550000

Income Statement

Sales 1000000

Less COGS (400000)

Gross profit 600000

Less op expense 300000

less depriciation exp 100000

EBIT 200000

less interest expense 50000

EBT 150000

less taxes 60000

EAT $90,000

Assume that only current assets and current liabilities vary directly with sales. expected to increase sales next year by 300000. Assuming the profit margin is 9% and that the dividend payout ratio is 40%, how much new financing will they need?

**I need help trying to put this together and find the answer