Booth's Fixed assets were used to only of 80% capacity during 2012, but its current assets were at their proper levels relations 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 7% and its payout ratio to be 40%. What is Booth's additional funds needed (AFN) for the coming year?

45% of an ny's sales are forecasted to do ne December 31, 2012, a. What were Wallace's Uld b. How much new long-term debt financy - New stock = New long-term debt.) 9-6 Additional Funds Needed The Booth Company's sales are forer ble from $1,000 in 2012 to $2,000 in 2013. Here is the Decem balance sheet: $ 50 $ 100 150 50 Cash Accounts receivable Inventories Net fixed assets Accounts payable Notes payable Accruals Long-term debt Common stock Retained earnings 400 100 250 $1,000 Total assets $1,000 Total liabilities and equity