Question: Broussard 5 katebcard's saies are expected to increase by 15% from 57.6 milion in 2019 to 58.74 milion in 2020 . Its assets totaled $3
Broussard 5 katebcard's saies are expected to increase by 15% from 57.6 milion in 2019 to 58.74 milion in 2020 . Its assets totaled $3 milicon at the end of 2019 . Eroussard is aiready at full cagaoty, so its assets munt grow at the same rate as projected sales, At the end of 2019, current liabiaties were $1.4 million, consisting of s450,000 of accounts payabie, $500,000 of notes payable, and 5450,000 of accruals. The after-tax proft margin is forecasted to be 5%, and the forecasted payout rabio is 55%. Use the AFN equation to fortcas Broussards additional funds needed for the coming year. Enter your answer in dollars. For example, an answer of $1.2 million should be entered as $1,200,000. Do not round intermediate calcalations. Round your answer to the nearest doliar
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