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Help oblem 15-6 Additional Funds Needed (LG15-4) ppose that Wind Em Corp. currently has the balance sheet shown below, and that sales for the year
Help oblem 15-6 Additional Funds Needed (LG15-4) ppose that Wind Em Corp. currently has the balance sheet shown below, and that sales for the year just ended were $77 million e firm also has a profit margin of 20 percent, a retention ratio of 25 percent, and expects sales of $87 million next year. Current assets Fixed assets $2,539,900 5,700,000 Liabilities and Equity Current liabilities Long term debt $3,460,380 1,050,000 Total assets $3,239.000 Total liabilities and equity $8,239.000 If all assets and current liabilities are expected to grow with sales what amount of additional funds will Wind Emneed from external sources to fund the expected growth? Enter your answer in dollars not in millions) P i ll Next > to search Alt
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