Question: Forecast your additional funds needed based on the balance sheet below if your most recent annual sales was 7000, your projected sales growth is 22%,
Forecast your additional funds needed based on the balance sheet below if your most recent annual sales was 7000, your projected sales growth is 22%, your profit margin is 7%, and your dividend payout ratio is 48%. This last year, your plant was operating at 75% capacity. 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 Common equity 500 Retained earnings 1.250
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