Question: Please help with the question below. 6) Use this table to answer this question (All are stated in million dollars) Quantum Inc. Balance Sheet 2020

Please help with the question below.

Please help with the question below. 6) Use this
6) Use this table to answer this question (All are stated in million dollars) Quantum Inc. Balance Sheet 2020 Cash and cash equivalents 2,768 Accounts receivable 6,275 Total inventories 7,379 Prepaid expenses 5,548 TOTAL CURRENT ASSETS 21,970 Net Property Plants (Net PPE) 21,293 Intangible assets 95,091 TOTAL ASSETS 138,354 Quantum Inc. Income Statement NET SALES Cost of products sold Selling, general and administrative expense Depreciation expense OPERATING INCOlVIE Interest expense EARNINGS BEFORE INCOME TAXES Income taxes NET INCOME Total Dividends Payments 2019 2879 $335 6384 4J84 18,782 02244 90J46 128,172 Quantum Inc. Balance Sheet Accounts payable Accruals Notes Payables Long-term debt Other borrowings Connnon stock+ paid in Cap Retained earnings TOTAL LLAB 81: EQUITY 2020 2019 82559 7&938 40368 37919 23,135 21,890 2838 3J08 15818 16021 629 974 15,189 15,047 3392 3560 1L797 1L687 5,235 5,186 2020 &022 9290 9981 22633 2L027 58J34 2867 138,354 2019 1251 8559 8472 21560 2L091 58J34 3505 128,172 Suppose the expected growth of net sales for 2021 is 8%, calculate the Quantum Inc. Additional Fund Needed (AFN) for 2021 based on the 2020 status quo. Also, please carefully explain the meaning of the projected 2021 AFN that you calculated

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