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Axle Supply C0, expects sales next year to be $400,000. Inventory and accounts recelvable will increase by $65,000 to accommodate this sales level. The company

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Axle Supply C0, expects sales next year to be $400,000. Inventory and accounts recelvable will increase by $65,000 to accommodate this sales level. The company has a steady profit margin of 10 percent, with a 30 percent dividend payout. How much external funding will the firm have to seck? Assume there is no increase in liabilities other than that which will occur with the external financing External funds needed 5

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