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Below are the balance sheet and income statement for Square Chair Pasta, actual for 2022 and expected for 2023. All numbers are in $ million.
Below are the balance sheet and income statement for Square Chair Pasta, actual for 2022 and expected for 2023. All numbers are in $ million. Balance Sheet Income Statement 2022 2023E 2022 2023E Current assets 60 72 Sales 135 158 Net fixed assets 140 Costs 81 95 Total assets 200 Depreciation 27 32 Current liabilities 40 48 EBIT 27 31 Long-term debt 100 100 Interest 10 10 Equity 60 Taxes 3 4 Total L&E 200 Net income 14 17 Attempt 2/10 for 10 pts.
What is the external funding required (EFR) for next year (in $ million)?
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