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Feesh Canneries Ltd wants to estimate the amount of funds they will require to fund their operations in 2022. The company has total assets of

Feesh Canneries Ltd wants to estimate the amount of funds they will require to fund their operations in 2022. The company has total assets of R100m, liabilities of R10m, a net profit margin of 5% on sales of R500m with a dividend pay-out ratio of 60%. All assets and liabilities are considered spontaneous and increase in line with increases in sales. It is expected that sales will grow by 30% in the coming year. Required: Estimate the amount of funds the firm will require in 2022.

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