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Assessment Directions: Solve the problem below. Present it in good form. Sunny Side-up Company has a net earnings after tax this year of 500,000 on

Assessment

Directions: Solve the problem below. Present it in good form.

Sunny Side-up Company has a net earnings after tax this year of 500,000 on sales of 2,000,000. Management expects a 25% increase in sales next year. Dividend payout would be 30%. If spontaneous liability of 500,000 and no excess funds are expected next year, what would be the Additional Fund Needed(AFN) for the company?

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