Additional Funds Needed

Cash $3.50
Receivables 26
Inventories 58
Total Current Assets $87.50
Net Fixed Assets 35

Total Assets $122.50

Additional Information:
Sales for 2001 $350 M
Net income $10.5 M
Dividend Paid $4.20

All external capital requirement are met by

Required: Use AFN eqution to determine pro

 Balance Sheet

Accounts Payable $9
Notes Payable 18
Accurals 8.5
Total Current Liabilities $35.50
Mortgage loan 6
Common stock 15
Retained Earnings 66
TL & Equity $122.50

Projected sales increase for 2002 $70 M Or

20 percent Increase

requirement are met by bank loan and reflected in notes payables.

eqution to determine projected external capital requirements

Additional Information:
Sales for 2001 $3,000
Net income $114
Projected Dividend Paid $63.00

All external capital requirement are met by bank loan and reflected in n

Required: Use AFN eqution to determine projected external capital requ

 Projected sales increase for 2002 $3,300 Or
10 percent Increase

t by bank loan and reflected in notes payables.

ne projected external capital requirements