In 2023, Teal Ltd. had total sales of $200 million. The company's net profit for 2023 was $30 million and $18 million was paid out as dividends. The company is currently operating below full capacity and is considering a 60% increase in sales during 2024. Required: Advise Teal on the amount of new funding that would be required in order to achieve the 60% increase in sales during 2024.

Answer rating: 100% (QA)

To determine the amount of new funding required for Teal Ltd to achieve a 60 increase in sales durin... View the full answer