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Firm 4 0 1 0 GreatClass created pro - forma statements for 2 0 1 6 . It has determined that with 1 5 %
Firm GreatClass created proforma statements for It has determined that with sales growth it will grow exactly at the Internal Growth Rate. How much is the External Funds Needed EFN to meet the growth in sales?
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Zero
Cannot determine as no Income Statement or Balance Sheet information is presented
Cannot determine as it depends on whether or not the firm is operating at full capacity
The firm should need a positive amount of external funds to finance the sales growth
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