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(b) The most recent financial statements for Msafiri Tours L.td, the following information was extracted. -Sales for 2017 are projected to grow by 25% interest
(b) The most recent financial statements for Msafiri Tours L.td, the following information was extracted. -Sales for 2017 are projected to grow by 25% interest expenses will remain constant; the tax rate and the dividend pay rate will also remain constant. Costs other expenses, current assets remain constant costs other expenses, current assts and account payable increases spontaneously with sales. If the firm is operating at full capacity and no new debt or equity is issued. Msafiri Tours Ltd ctatament of financial nosition as at December 312016 Required: Anayse financial statements and calculate the amount of external financial needed to support 25% growth rate in sales. (12marks) (Total 15 marks)
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