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3. The following is the Financial Statement for Ragga Bhd. Balance Sheet RM Cash 1,800 Account payables Receivables 10,800 Notes payable Inventories 12,600 Accruals Total

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3. The following is the Financial Statement for Ragga Bhd. Balance Sheet RM Cash 1,800 Account payables Receivables 10,800 Notes payable Inventories 12,600 Accruals Total current assets 25,200 Total current liabilities Bonds Fixed assets 21,600 Common stock Retained earnings Total Assets 46,800 Total (Liabilities + Equity) RM 7,200 3,472 2,520 13,192 5,000 2,000 26,608 46,800 Income Statement Sales Operation costs EBIT Interest EBT Taxes (40%) Net Income Dividends (60%) Addition to retained earnings RM 36,000 30,783 5,217 (717) 4,500 1.800 2,700 1,620 1,080 Additional information: During the next year, the sales increase by 25%. Interest remained the same. You are required to find Additional Fund Needed (AFN). (Total: 20)

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