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Additional Funds Needed The Booth Company's sales are forecasted to double from $1,000 in 2019 to $2,000 in 2020. Here is the December 31,2019 ,

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Additional Funds Needed The Booth Company's sales are forecasted to double from $1,000 in 2019 to $2,000 in 2020. Here is the December 31,2019 , balance sheet: Booth's fixed assets were used to only 50% of capacity during 2019 , but its current assets were at their proper levels in relation to sales. All assets except fire assets must increase at the same rate as sales, and fixed assets would also have to increase at the same rate if the current exceis capacity did not exist. Booth's after-tax profit margin is forecasted to be 6% and its payout rotio to be 55%. What is Booth's additional funds needed (AFN) for the coming reain Round your answer to the nearest dollar

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