I need this answer in the 4 min please.

Suppose that ABC organization's current Sales = 20,000. Also, suppose ABC has forecast the following values:

Costs of goods sold (% of sales)		0.85
General, selling, and administrative expenses (% of Sales)	0.10
Cash and securities (days sales cash)		15
Accounts receivable (collection period)		50
Inventories (inventory turnover)		10
Accounts payable (payables period)		60

Where days sales cash = cash / (sales/day), the collection period = AR / (sales/day), and the payables period = AP / (cost of sales/day).

Complete the template below before solving for the additional funds, or the external funding, needed to finance a 30% increase in sales.

Income Statement

Sales

Cost of goods sold

Gross profit

Expenses:

General, selling, and administrative expenses

Net interest expense

100

Earnings before taxes

Tax

Earnings after tax

Balance Sheet

Assets

Current assets:

Cash and securities

Accounts receivable

Inventories

Prepaid expenses

20

Total current assets

Net fixed assets

300

Total assets

Liabilities and owners' equity

Current liabilities

Bank loan

0

Accounts payable

Current portion of long-term debt

100

Accrued wages

30

Total current liabilities

Long-term debt

700

Common stock

150

Retained earnings

1500

Tota

Suppose that ABC organization's current Sales = 20,000. Also, suppose ABC has forecast the following values:

Costs of goods sold (% of sales)		0.85
General, selling, and administrative expenses (% of Sales)	0.10
Cash and securities (days sales cash)		15
Accounts receivable (collection period)		50
Inventories (inventory turnover)		10
Accounts payable (payables period)		60

Where days sales cash = cash / (sales/day), the collection period = AR / (sales/day), and the payables period = AP / (cost of sales/day).

Complete the template below before solving for the additional funds, or the external funding, needed to finance a 30% increase in sales.

Income Statement
Sales
Cost of goods sold
Gross profit
Expenses:
General, selling, and administrative expenses
Net interest expense	100
Earnings before taxes
Tax
Earnings after tax
Balance Sheet
Assets
Current assets:
Cash and securities
Accounts receivable
Inventories
Prepaid expenses	20
Total current assets
Net fixed assets	300
Total assets
Liabilities and owners' equity
Current liabilities
Bank loan	0
Accounts payable
Current portion of long-term debt	100
Accrued wages	30
Total current liabilities
Long-term debt	700
Common stock	150
Retained earnings	1500
Total liabilities and owners' equity
External funding required	???

l liabilities and owners' equity

External funding required

???