Question: Question 52 (3 points) The balance sheet for the Timegenic, Inc. for the year ending December 31, 2019 is shown below: Timegenic, Inc. Balance Sheet

 Question 52 (3 points) The balance sheet for the Timegenic, Inc.

Question 52 (3 points) The balance sheet for the Timegenic, Inc. for the year ending December 31, 2019 is shown below: Timegenic, Inc. Balance Sheet for the Year Ending December 31, 2019 (All amounts are in dollars) Cash Accounts receivable Inventory Current assets Net fixed assets Total assets 250 800 2.750 3,800 6,200 10,000 Notes payable Accounts payable Accruals Current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity 550 350 200 1,100 4,500 2,250 2,150 10,000 Timegenic, Inc. had sales revenue of $160,000 in 2019. Compute outside funds needed (OFN) for Timegenic, Inc. for 2020, assuming that sales are projected to grow by 60% in 2020, all assets and all spontaneous liabilities (.e., accounts payable and accruals) will grow as a percent of sales, the projected net profit margin for 2020 is 1.0% and Timegenic, Inc. plans to pay out 60% of net income as dividends in 2020. Record your answer as a dollar amount rounded to 0 decimal places, but do not include a dollar sign or any commas in your answer. For example, record $2,345.678 as 2346. Your

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