Financial Management Chapter 12 1. Remal Company has beginning inventory of 1,700,000 units, will sell 6,000,000 units for the month, and desires to reduce ending inventory to 30 percent of beginning inventory How many units should Remal produce? 2. Given the income statement below for Imperial Products Corporation for 2020 and 12% growth in sales for 2021, prepare a pro forma income statement, The Sun Products Corp. Income Statement for 2020 Sales Revenue $28,800,000 COGS 11,400,000 SG&A Expenses 6,800,000 Depreciation Expenses 2.300.000 | EBIT 58,300,000 Interest Expense 1,200,000 Taxable income $7,100,000 Taxes S2,414,000.00 Net Income 54.686,000.00 3. The TRM, Inc., has projected sales of AED 50,000 in October, AED 70,000 in November, and AED 60,000 in December of the company's sales, 10 percent are paid for by cash and 90 percent are sold on credit. The credit sales are collected one month after sale. Determine collections for November and December Also assume that the company's cash payments for November and December are AED 60,000 and AED 55,000, respectively. The beginning cash balance in November is AED 12,000, which is the desired minimum balance Prepare a cash budget with borrowing needed or repayments for November and December. (You will need to prepare a cash receipts schedule first.) 4. Noor Inc. determines that sales will rise from AED 6,000,000 to AED 6,500.000 next year. Spontaneous assets are 60% of sales and spontaneous liabilities are 40% of sales. SAM has an 6% profit margin and a 40% dividend payout ratio. What is the level of required new funds