Quantitative Problem 1: Beasley Industries sales are expected to increase from $4 milion in 2019 to $5 million in 2020, or by 25%. Its assets totaled 5 milion at the end of 2019. Beasley is at full capacity, so its assets must grow in proportion to projected sales. At the end of 2019, current liabilities are $790,000, consisting of $140,000 of accounts payable, $450,000 of notes payable, and $200,000 of accrued liabilities. Its profit margin is forecasted to be 4%, and its dividend payout ratio is 50%. Using the AFN equation, forecast the additional funds Beasley will need for the coming year. Do not round intermediate calculations. Round your answer to the nearest dollar THE AIN equation assumes that ratios remain constant. However, firms are not always operating at full capacity so adjustments need to be made to the existing asset forecast. Dxcess capacky bdjustments are changes made to the exating asset forecast because the firm is not operating at full capacity. For example, a fem may not be at full capacity with respect to its fixed assets. First, the firm's management must find out the firm's Pull capacity sales as follows: Full capacity sales Adul Tontofperity Mwandte Next, management would calculate the firm's target fixed assets ratio as follows: Teller Finally, management would use the target fixed its ratio with the projected sales to calculate the firm's required level of fixed assets as follows: Required level of fixed assets. (Target fixed assets/Sales) Projected sales Quantitative Problem 21 Mitchell Manufacturing Company has $1,500,000,000 in sales and $340,000,000 in fined assets. Currently, the company's fixed assets wa operating at 20% of capacity Whatevel of sales could hall have obtained if it had been operating at a capacity? Do not round intermediate calculation Hound your answer to the nearest do 1 What is Michel's Target fixed assets/Saits ratio? Do not round intermediate calculations, Round your answer to two decimal places c. Mitchell's sales increase by 50, how large of an increase in foed assets will the company need to meet its Target foxed assets/Sales ratio? Do not round termediate calculations, Round your answer to the nearest coller