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answer with example I need the answer for this 2 question with clear method Additional information: Table 4 - During the next year, sales increase
answer with example
I need the answer for this 2 question with clear method
Additional information: Table 4 - During the next year, sales increase by 15%. Interest remained. You are required to find Additional Fund Needed. (20) 6. Company X expects a 10% jump in sales in 2022. At the end of 2021 , its assets were RM 25 million, while its liabilities were RM17 million. The sales for the year 2021 were RM30 million, while its profit margin is 4%. The current retention ratio of Company X is about 40%. Required: Calculate additional funds needed. (10) 7. Company ABC expects a 10% jump in sales in 2022 . At the end of 2021 , its assets were RM 30 million, while its liabilities were RM20 million. The sales for the year 2021 were RM40 million, while its profit margin is 5%. The current retention ratio of Company ABC is about 40%. Required: Calculate additional funds neededStep by Step Solution
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