iMent:Chapter 9-EOC PROBLEMS -GRADED Q Search this course Assignment Score 2.0% s Quetion 3 ef Check My Work (No more tries available o 9-6: Additional Funds Needed (AFN) Equation Method Problem 9-6 Additional Funds Needed OThe Booth Company's sales are forecasted to double from $1,000 in 2015 to $2,000 in 2016. Here is the December 31, 2015, balance sheet Cash Accounts receivable 100 Accounts payable s 50 150 50 400 100 250 $1000 200 Notes payable 200 Accruals s00 Long-term debt Net fixed assets Common stock Retained earnings Total liabilities and equity Total assets Booth's fixed assets were used to only 50% of capacity during 2015, but its current assets were at their proper levels in relation to sales. All assets excest fixed assets must increase at the same rate as sales, and fixed assets would also have to increase at the same rate if the current excess capacity did not exist. Booth's after-tax profit margin $1000 Booth's additional finds needed (APN) for the coming year? Round yorssertoseaseralar. is forecasted to be 5% and its payout ratio to be 35%, what is s65 3 Hide Feedback MacBook 8i