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Additionsl Funds Needed The Booth Companr's sales are forecasted to double from $1,000 in 2015 to $2,000 in 2019 . Here is the December 31,

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Additionsl Funds Needed The Booth Companr's sales are forecasted to double from $1,000 in 2015 to $2,000 in 2019 . Here is the December 31, 2018, baiance sheet: Booth's fixed assets were used to only 50% of capacity during 2018, but its current aisets were at their proper levels in relation to sales. All assets except fied assets must increase at the same rate as sales, and fixed assets would also have to increase ot the same rate if the current excess capacity did not exist. booth's after-tax profit margin is forecasted to be 3% and its paybut ratio to be 30%. What is Booth's addtionsi funds needed (AFN) for the coming year? found your ariswer to the nearest dollar 5

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