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Consider the following information for Smart Products: total assets=$1000; sales=$1540; net profit margin=12%; dividend payout ratio=40%; accounts payable=$308. If sales are forecast to increase 30%,
Consider the following information for Smart Products: total assets=$1000; sales=$1540; net profit margin=12%; dividend payout ratio=40%; accounts payable=$308. If sales are forecast to increase 30%, what is the short cut estimate of external funds required (EFR)?
| $64 | ||
| $208 | ||
| $300 | ||
| $462 |
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