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

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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