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A companys balance sheet has sales of $700,000,000 for this year and these sales will grow by 10% to $770,000,000 next year. Current Assets are
A companys balance sheet has sales of $700,000,000 for this year and these sales will grow by 10% to $770,000,000 next year. Current Assets are $140,000, fixed assets are $980,000,000, and short term debt is $105,000,000. The dividend payout ratio is 30%. The company has $155,000,000 in long term debt and $65,000,000 in common stock. The retained earnings are $375,000,000. The profit margin is 11%. What are the external funds needed for the coming year?
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