Booth?s fixed assets were used to only 50.00% of capacity during 2013, but its current assets were at their proper levels in relation to sales. All assets except fixed assets must increase at the same rate as sales, and fixed assets would also have to increase at the same rate if the current excess capacity did not exist. Booth?s after-tax profit margin is forecasted to be 5.00% and its payout ratio to be 60.00%. What is Booth?s additional funds needed (AFN) for the coming year?

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The Booth Company's sales are forecasted to double from $1,150.00 in 2013 to $2,300.00 in 2014. Here is the December 31, 2013, balance sheet: Cash 130.00 Accounts payable 82.00 Accounts receivable 205.00 Notes payable 143.00 Inventories 180.00 Accruals 56.00 Net fixed assets 440.00 Long-term debt 400.00 Common stock 170.00 Retained earnings 104.00 Total assets 955.00 Total liabilities and equity 955.00 Booth's fixed assets were used to only 50.00% of capacity during 2013, but its current assets were at their proper levels in relation to sales. All assets except fixed assets must increase at the same rate as sales, and fixed assets would also have to increase at the same rate if the current excess capacity did not exist. Booth's after-tax profit margin is forecasted to be 5.00% and its payout ratio to be 60.00%. What is Booth's additional funds needed (AFN) for the coming year