Question: Granito Ltd has established a linear relationship between its sales revenue and balance sheet items as follows;- Balance sheet as at 31 st December 2020

Granito Ltd has established a linear relationship between its sales revenue and balance sheet items as follows;-

Balance sheet as at 31st December 2020

Property, Plant and Equipment 4,500 30%
Current Asset 2,700 20%
Current Liabilities 1,620 12%
Long Term Debt 2,640
Share Capital 2,400
Retained Earnings 540 4%

The company Forecast that sales will grow at a rate of 20% P.a for two years

Required.

Calculate the external financing required at the end of year 2022?

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