#20

#21

eBook Problem Walk-Through Problem 12-01 AFN equation Broussard Skateboard's sales are expected to increase by 25% from $8.6 million in 2016 to $10.75 million in 2017. Its assets totaled 53 million at the end of 2016. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2016, current liabilities were $1.4 million consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after tax profit margin is forecasted to be 6%, and the forecasted payout ratio is 60%. Use the APN equation to forecast Broussard's additional funds needed for the coming year Round your answer to the nearest dollar. Do not round intermediate calculations eBook Problem Walle-Through Problem 12-02 An equation Broussard Skateboard's sales are expected to increase by 15from 5.0 million in 2016 to 89.20 million in 2017. itsasonts totaled $5 million at the end of 2016. Broussard is already at Full capacity, so its assets must grow at the same rate as projected sales. At the end of 2016, current liabilities were 51.4 million consisting of $450,000 of accounts payable, 5500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 4%, and the forecasted payout ratio is 70%. What would be the additional funds needed? Do not round Intermediate calculations. Hound your answer to the nearest dollar Assume that an otherwise identical firm had 36 million in tota mets at the end of 2016. The identic capital internet ratio (Ac */90) Select than Brossard therefore, the identical time capital intensive it would requirement increase in totales to support the increase in sales