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(5) Calculate the additional financing needed to meet the projected increase in sales. Assume that profit margin and asset turnover will remain the same as

(5) Calculate the additional financing needed to meet the projected increase in sales. Assume that profit margin and asset turnover will remain the same as it was in 2022. Profit Margin = NI/Sales. Asset Turnover = Sales/Assets

2022 projected
Sales 2000 3000
PM 5.00%
NI 100
payout ratio 30.0%
a) What is the Dividend?
b) What is the Retained Earnings?
2022 projected
Total Assets 1200
Operating Liab 80 100
LTD 500
Shareholders Equity 620

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