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Ford has the following information related to 2018: - Sales $1,000,000 - Current Assets $350,000 - Long-Term Assets $650,000 - Current Liabilities $120,000 - Long-Term
Ford has the following information related to 2018:
- Sales $1,000,000
- Current Assets $350,000
- Long-Term Assets $650,000
- Current Liabilities $120,000
- Long-Term Liabilities $280,000
- Common Stocks $550,000
- Retained Earnings $50,000
Sales are expected to grow by 20% next year with expected Net Profit Margin 20% and Dividends layout 60%
Required:
1. How much discretionary Financing needed by Ford in 2019?
2. What are the least expensive sources to get it?
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