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G H M N 0 D Tribeca Corporation's December 2019 financial statements show the following: Sales Current portion of long-term debt Spontaneous asset percentage Spontaneous

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G H M N 0 D Tribeca Corporation's December 2019 financial statements show the following: Sales Current portion of long-term debt Spontaneous asset percentage Spontaneous liability percentage Net profit argin Dividend payout ration $5,500,000 $150,000 56% 23% 6% 45% 5 8 0 For 2020, the company forecasts sales of $6.000.000 1 12 Required: 13 Construct the firm's EFN relationship (i.e., the equaltion showing EFN as a function of change in sales using the above data): 15 16 17 18 19 20 21 22 23 24 25 26 27 Calculate the forecasted value of EFN (or excess cash) for 2020: 28 29 30 31 32 33 34 35

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