Question: Problem 15-6 Additional Funds Needed (LG15-4) Suppose that Wind Em Corp. currently has the balance sheet shown below, and that sales for the year just
Problem 15-6 Additional Funds Needed (LG15-4) Suppose that Wind Em Corp. currently has the balance sheet shown below, and that sales for the year just ended were $6.6 million The firm also has a profit margin of 30 percent, a retention ratio of 20 percent, and expects sales of $7.6 million next year Current assets Liabilities and Equity $1.736,000Current abil $2,029.520 4.600.000 Longten det 1,700,000 Equity 2. OB 480 $6,336,000 Total liabilities and equity $6,936.000 Total assets If all assets and current liabilities are expected to grow with sales, what amount of additional funds will Wind Em need from external sources to fund the expected growth? (Enter your answer in dollars not in millions.) Additional funds needed
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