Big Test Inc had sales last year of $100mm Sales are expected to grow 20 next year To support the new sales level, the production manager has indicated that fixed assets will need to increase by $30mm Last year's balance sheet showed the following Current assets $20mm Fixed assets $90mm Accounts Payable $10mm Notes Payable $20mm Long term Liabilities $30mm Common Stock $20mm Retained Earnings $30mm Given this data, what is the forcast level of total financing need (Note use the standard assumptions from lecture) $110mm $140mm $144mm $132mm

Question

Big Test Inc  had sales last year of $100mm  Sales are expected to grow 20  next year  To support the new sales level, the production manager has indicated that fixed assets will need to increase by $30mm  Last year's balance sheet showed the following  Current assets   $20mm Fixed assets   $90mm Accounts Payable   $10mm Notes Payable   $20mm Long term Liabilities   $30mm Common Stock   $20mm Retained Earnings   $30mm Given this data, what is the forcast level of total financing need  (Note  use the standard assumptions from lecture) $110mm $140mm $144mm $132mm

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Question

Big Test Inc. had sales last year of $100mm. Sales are expected to grow 20% next year. To support the new sales level, the production

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