Question: The balance sheet for the Timegenio, Inc. for the year anding December 31, 2019 is shown below. Timegenic, Inc. Balance Sheet for the Year Ending
The balance sheet for the Timegenio, Inc. for the year anding 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 Timegonio, Inc. had sales revenue of $235,000 in 2019. Compute outside funds needed (OFN) for Timogenic, Inc. for 2020, assuming that sales are projected to grow by 46.0% in 2020, all current assets and all current liabilities (les notes payable, accounts payable and accruals) will grow as a percent of salos, net fixed assets will grow at 80% of the growth rate in sales, the projected net profit margin for 2020 is 2,6%, and Timogenic, Inc plans to pay a dividend in 2020 of $8,000 Record your answer as a dollar amount rounded to 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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