4. Bans Bakery Ltd. has just come out with a new bread flavour that they are sure will cause sales to double between 2015 and 2016. Using the following worksheet, complete Bans Bakery’s pro forma financial forecast and answer the related questions.

Assume that cost of sales, current assets, and current liabilities will maintain the same percentage of sales as in 2015. Further, assume that no new fixed assets will be needed in 2016, and the current dividend policy will be continued in 2016.

Estimate the additional funds that Bans Bakery Ltd. will need in 2016.