1 Carlsbad Corporation's sales are expected to increase from $5 million in 2016 to $6 million in 2017, or by 20 Its assets totaled $6 million at the end of 2016 Carlsbad is at full capacity, so its assets must grow in proportion to projected sales At the end of 2016, current liabilities are $1 million, consisting of $250,000 of accounts payable, $500,000 of notes payable, and $250,000 of accrued liabilities Its profit margin is forecasted to be 6 , and the forecasted retention ratio is 35 Use the AFN equation to forecast Carlsbad's additional funds needed for the coming year Write out your answer completely For example, 5 million should be entered as 5,000,000 Round your answer to the nearest cent $ 2 Carlsbad Corporation's sales are expected to increase from $5 million in 2016 to $6 million in 2017, or by 20 Its assets totaled $4 million at the end of 2016 Carlsbad is at full capacity, so its assets must grow in proportion to projected sales At the end of 2016, current liabilities are $1 million, consisting of $250,000 of accounts payable, $500,000 of notes payable, and $250,000 of accrued liabilities Its profit margin is forecasted to be 3 , and the forecasted retention ratio is 40 Use the AFN equation to forecast the additional funds Carlsbad will need for the coming year Write out your answer completely For example, 5 million should be entered as 5,000,000 Round your answer to the nearest cent $

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1. Carlsbad Corporation's sales are expected to increase from $5 million in 2016 to $6 million in 2017, or by 20%. Its assets totaled $6

1. Carlsbad Corporation's sales are expected to increase from $5 million in 2016 to $6 million in 2017, or by 20%. Its assets totaled $6 million at the end of 2016. Carlsbad is at full capacity, so its assets must grow in proportion to projected sales. At the end of 2016, current liabilities are $1 million, consisting of $250,000 of accounts payable, $500,000 of notes payable, and $250,000 of accrued liabilities. Its profit margin is forecasted to be 6%, and the forecasted retention ratio is 35%. Use the AFN equation to forecast Carlsbad's additional funds needed for the coming year. Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round your answer to the nearest cent.

Carlsbad Corporation's sales are expected to increase from $5 million in 2016 to $6 million in 2017, or by 20%. Its assets totaled $4 million at the end of 2016. Carlsbad is at full capacity, so its assets must grow in proportion to projected sales. At the end of 2016, current liabilities are $1 million, consisting of $250,000 of accounts payable, $500,000 of notes payable, and $250,000 of accrued liabilities. Its profit margin is forecasted to be 3%, and the forecasted retention ratio is 40%. Use the AFN equation to forecast the additional funds Carlsbad will need for the coming year. Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round your answer to the nearest cent.