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Additional Funds Needed The Booth Company's sales are forecasted to double from $1,000 in 2019 to 12,000 in 2020 . Here is the December 31,

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Additional Funds Needed The Booth Company's sales are forecasted to double from \$1,000 in 2019 to 12,000 in 2020 . Here is the December 31, 2019, balance sheet: Booth's fixed assets were used to only sow of capacty during 2019 , but its current assets were at their proper levels in relation to sales. All assets extept fixed assets must increase at the same rate as sales, and fivepd assets would also have to increase at the same rate if the current excess capacity did not esist Booth's after-tax profit margin is forecasted to be 5% and its payout ratio to be 55%. What is Booth's additional funds needed (ArN) for the coming year? Round your answer to the nearest dollar

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