Parker Drilling Company has determined its needs for external finance for the year 2021, amounting to $185,000,000. The company is fully capitalized, therefore there will be no change in fixed assets. The change in NWC is anticipated to be 0.46 of the change in liabilities. The derived net income is around $14,000,000 under profit retention of 48%.

Required:

Find out the volume of resources that the Co. has to explore from the stock market as outlined by the EFM.

Parker Drilling Company has determined its needs for external finance for the year 2021, amounting to $185,000,000. The company is fully capitalized, therefore there will be no change in fixed assets. The change in NWC is anticipated to be 0.46 of the change in liabilities. The derived net income is around $14,000,000 under profit retention of 48% Required: Find out the volume of resources that the Co. has to explore from the stock market as outlined by the EFM. Parker Drilling Company has determined its needs for external finance for the year 2021, amounting to $185,000,000. The company is fully capitalized, therefore there will be no change in fixed assets. The change in NWC is anticipated to be 0.46 of the change in liabilities. The derived net income is around $14,000,000 under profit retention of 48% Required: Find out the volume of resources that the Co. has to explore from the stock market as outlined by the EFM