Question
Eskitilmis-Yaz Corporation's balance sheet showed the following amounts as of December 31 st : Cash$20Accounts Payable$30 AccountsReceivable80Accruals10 Inventories100Notes Payable40 Net FixedAssets200Long term Debt40 Common Stock40
Eskitilmis-Yaz Corporation's balance sheet showed the following amounts as of December 31st:
Cash$20Accounts Payable$30
AccountsReceivable80Accruals10
Inventories100Notes Payable40
Net FixedAssets200Long term Debt40
Common Stock40
Retained Earnings240
Total Assets400Total Liabilities &Equity400
Last year the firm's sales were $4,000 and it operated at 80% capacity during the year. The company expects to increase next year's sales by 37.5% to $5,500, profit margin is expected to be 2%, and the dividend payout ratio is expected to be 60%. What is the firm's additional funds needed for the next year?
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