Percent ofSales questions

The following is the balance sheet for 2015 for Marbell Inc.

Sales for 2015 were $500,000. Sales for 2016 have been projected to increase by 10%.

Assuming that Marbell Inc. is operating below capacity, calculate the amount of new funds required to finance this growth.

Marbell has an 8% return on sales and 80% is paid out as dividends.

Show% of sales calculations for the above Balance Sheet

Increased sales = _________________________________________________

New Sales level = _________________________________________________

New funds required to finance this growth ____________________________