ABC Company is planning on a 20% increase in sales volume next year. This years sales revenue is $3,435,000 and its year-end balance sheet shows total current assets of $830,000, total plant assets of $1,670,000, and total current liabilities of $450,000. The companys dividend payout ratio is 40% and its profit margin is expected to remain steady at 14%. The company is presently operating at full capacity so it estimates that it will need to purchase $300,000 of additional plant assets to accommodate the increased sales volume.

a. Next years total sales, in dollars, are .......

b. ASSUMING next year's sales were to be $4,150,000, next years change in Retained Earnings is.............

c. Per the formula we learned in class, the result of A-CL (i.e. the new funding that will be based on a percentage of certain assets) is ...............

d. ASSUMING the increase in retained earnings next year is $342,000, and A-CL = $350,000 (all other parts of the formula should be completed based on the question above), required new funds are .............