Using 2001 percentages, calculate additional funds needed, if any, from

external sources for years 2002 - 2004. Assume no dividends are paid.

In addition, to support sales in excess of $105 million, new equipment will

have to be purchased and installed at a cost of $11 million. This will

provide sufficient production capacity to support sales up to a level of

$140 million.

Table 1 Balance Sheet - in thousands 2000 2001 Assets Cash $ 1. 969. 73 $2, 250. 17 Accts . receivables 10. 145. 44 1 1. 707. 43 Inventory* B. BTO. BT 9, 219, 60 Current assets 201, 486.97 23, 17 7. 20 Net Fixed assets 9, 324. 85 Total assets 29. 81 1. 82 10, 354. 12 3.3, 531. 32 Liabilities & Equities Accts . payable* $3, 504. 31 $3. 725. 45 Notes payable 1,000.00 2.000.00 Accrual 565.09 TIT. 95 Current liabilities 5, 070. 40 $. 414. 40 Long-term debt 8 , 357. 50 13, 427. 90 8, 357. 50 Total liabilities 14,801. 90 Common stock 3.500.00 3. 500. 00 Retained earnings 12, 803.92 15, 220. 42 Equities 16. 383.92 18. 729.42 Total capital 29, 81 1 . 82 33, 531. 32 Table 2 Income Statement 2000 2001 Sales $56, 195. 65 $70, 24 4. 50 LOGS 45, 124. 95 55, 559. 90 Gross profits 1 1, 0TO. TO 14, 6:54. 65 GRA EXPENSES 3, 371 . 74 4 214.67 Fixed on . expenses 1. 010. 35 2.010. 4 4 Depreciation 1, 909. 91 2, 120. 72 Viscellaneous TO2. 73 Total op . expenses 7, 8.94. 73 TT2. 41 9, 1 18. 24 EBIT 3. 175. 97 5. 560. 42 Interest 1, 122.90 1, 272.90 EBT 2, 053.07 4 343. 52 Taxes 94 4. 41 1, 958. 02\\ Net Income 1 . 108. BE 2, 345.50