GRACES Corp. has the following balance sheet as of December 31, 2018: Projected 2018 2019 Current Assets Fixed Assets P 600,000 400,000 Total Assets 1,000,000 Accounts Payable Accrued liabilities Notes Payable Long term debt Total common equity 100,000 100,000 100.000 300.000 400.000 Total liabilities & Equity 1,000,000 === External funds Needed Projected Total Liabilities and Equity P In 2018, the company reported sales of P5,000,000, net income of P100,000 and dividends of P40,000. The company anticipates its sales will increase by 20% in 2019 and its dividend pay-out will remain 40%. Assume the company is at full capacity, so its assets and spontaneous liabilities will increase proportionately with increase in sales. Assume the company uses AFN formula and all additional funds needed will come from issuing long term debt. Required: 1. Compute for the additional funds needed using the AFN/EFN equation. 2. Fill up the figures for 2019 projections in the blanks provided above. 3. Compute for the Internal growth rate. 4. How much is the projected Current Assets? 5. How much is the projected Total Assets? 6. How much is the projected Equity? GRACES Corp. has the following balance sheet as of December 31, 2018: Projected 2018 2019 Current Assets Fixed Assets P 600,000 400,000 Total Assets 1,000,000 Accounts Payable Accrued liabilities Notes Payable Long term debt Total common equity 100,000 100,000 100.000 300.000 400.000 Total liabilities & Equity 1,000,000 === External funds Needed Projected Total Liabilities and Equity P In 2018, the company reported sales of P5,000,000, net income of P100,000 and dividends of P40,000. The company anticipates its sales will increase by 20% in 2019 and its dividend pay-out will remain 40%. Assume the company is at full capacity, so its assets and spontaneous liabilities will increase proportionately with increase in sales. Assume the company uses AFN formula and all additional funds needed will come from issuing long term debt. Required: 1. Compute for the additional funds needed using the AFN/EFN equation. 2. Fill up the figures for 2019 projections in the blanks provided above. 3. Compute for the Internal growth rate. 4. How much is the projected Current Assets? 5. How much is the projected Total Assets? 6. How much is the projected Equity