1. Practice Problem 16-11 eBook $2 milion Futuristic Development (FD) generated $2 million in sales last year with assets equal to $4 million. The firm operated at fill capoty last year. According to FD's balance sheet, the only current abilities are act payable, which equals $400,000. The only other liability is long term debt, which equals 1670,000. The common equity section is comprised of 500,000 shares of common stock with a took valon equal t and $930,000 of retained earnings. Next year, FD expects its sales will increase by 21 percent. The company's net profit margin is expected to remain at its current level, which is 15 percent of sales. To plans to per dividends equal to $0.50 per share. It also plans to issue 60,000 shares of new common stock, which will raise $280,000. Estimate the additional funds needed (AFN) to achieve the forecasted sales next year ne your answer to the nearest dollar Grade it Now Save & Continue Continue without savings - aplia.apps.ng.cengage.com/al/serv to Assignment Attempts 0 0 Keep the Highest 0/2 1. Practice Problem 16-1 E Futuristic Development (FD) penerated $2 million in sales last year with assets equal to 14 million. The firm operated at full capacity last year. According to FD's balance sheet, the only curent Rabies are accents payable, which equals $400,000. The only other lability is long-term debt, which equals 1670,000. The common equity section is comprised of 500.000 shares of common stock with a book valve equal to 12 millon screase by 21 percent. The company's net profit margin is expected to remale at its current level, which is 15 percent of sales. FD plans to pay and $930,000 of retained sarnings. Next year, FD expects its sales s dividends equal to 10.50 per share. It also plans to issue 60,000 shares of new common stack, which will raise $200,000 Estimate the additional funds needed (AFN) to achieve the forecasted sales not year Round your answer to the nearest d Grade it Now Save & Continue Continue without sing 1. Practice Problem 16-1 ellook I cosunan stock with a book value equal to 12 Futuristic Development (FD) generated $2 million in sales last year with assets equal to 14 million. The firm operated at full capacity last year. According to FO's balance sheet, the only curent able we accom percent of sales. Foans to p uent level, which i payable, which equals $400,000. The only other liability is long-term debt, which equals $670,000. The common equity section is comprised of 500,000 share and $930,000 of retained earnings. Next year, FD expects its sales will increase by 21 percent. The company's net profit margin is expected to remain dividels equal to $0.50 per share. It also plans to issue 60,000 shares of new common stock, which will raise $280,000. Estimate the additional funds readed (AFN) to achieve the forecasted sales next year fo your answer to the nearest dollar Grade it Now Save & Continue Continue without saving