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Last year, a company's sales were $12 million and it operated at full capacity. Its sales this year are expected to increase by 13.3%. The
Last year, a company's sales were $12 million and it operated at full capacity. Its sales this year are expected to increase by 13.3%. The company needs $0.52 of assets per dollar of sales to operate and its current liabilities are S0.13 per dollar of sales. Furthermore, the company's profit margin is 4.4% and its earnings retention ratio is 40% What amount of additional funds does the company need to support this year's projected sales
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