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Ford has the following information related to 2020: 2020 2021 - Sales $1,000,000 $1,200,000 - Current Assets 350,000. 35% 420,000 - Long-Term Assets 650,000 65%

Ford has the following information related to 2020: 2020 2021 - Sales $1,000,000 $1,200,000 - Current Assets 350,000. 35% 420,000 - Long-Term Assets 650,000 65% 780,000 - Current Liabilities 120,000 12% 144,000 - Long-Term Liabilities 280,000 N/A - Common Stocks 550,000. N/A - 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 2021?

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