Question: Forecast your additional funds needed based on the balance sheet below if your most recent annual sales was 8000, your projected sales growth is 13%,
Forecast your additional funds needed based on the balance sheet below if your most recent annual sales was 8000, your projected sales growth is 13%, your profit margin is 9%, and your dividend payout ratio is 47%. This last year, your plant was operating at 91% of full capacity. If projected sales exceeds our firm's current capacity, then assume that your firm will increase Net Plant & Equipment by 13%. Cash 300 Accounts payable 500 Inventory 1,000 Accrued expenses 500 Accounts receivable 700 Short-Term Notes payable 750 Net Plant & Equipment 3,000 Long-term debt 1,500 SOO Common equity Retained earnings 1.250
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