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Suppose that Gyp Sum Industries currently has the balance sheet shown below, and that sales for the year just ended were SIO 2 million
Suppose that Gyp Sum Industries currently has the balance sheet shown below, and that sales for the year just ended were SIO 2 million The firm also has a profit margin of 30 percent, a retention ratio of 20 percent, and expects sales of S8_2 million next year Assets Liabilities and Equity Current assets S 2,124,000 Fixed assets Current liabilities Long-term debt Equity s 1,7077480 Total assets S 6,324,000 Total liabilities and equity S 67324000 If all assets and current liabilities are expected to shrink with sales, what amount of additional funds will Gyp Sum need from external sources to fund the expected growth? (Enter your answer in dollars not in millions. Negative amount should be indicated by a minus sigm)
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