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a company expects sales of $420 million next year assuming a 20% increase from the previous year. The firm anticipates $28.83 million in retained earnings
a company expects sales of $420 million next year assuming a 20% increase from the previous year. The firm anticipates $28.83 million in retained earnings after taxes and dividends have been paid, assuming that $1 million in depreciation expense have been deducted. Working capital is expected to represent 40% of change in sales.
Determine the amount of surplus (or deficit) in funds. $
k (INPUT YOUR ANSWER IN K, ROUNDED TO 2 DECIMAL PLACES. FOR EXAMPLE; 1.23. USE THE MINUS SIGN TO INDICATE A NEGATIVE ANSWER. FOR EXAMPLE:-1.23)
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