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please answer Carlsbad Corporation's sales are expected to increase from $5 million in 2021 to $6 million in 2022 , or by 200 . Ies
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Carlsbad Corporation's sales are expected to increase from $5 million in 2021 to $6 million in 2022 , or by 200 . Ies assets totaled 53 million at the end of 2021. Carlsbad is at full capacity, so its assets must grow in proportion to projected sales. At the end of 2021 , current liabilties are 51 million, consisting of $250,000 of accounts payable, $500,000 of notes payable, and 5250,000 of accrued labilities. Its profit tnargin is forecested to be 5%, and the forecasted retention ratio is 25%. Use the AFN equation to forecast the additional funds Carlsbad will need for the coming year, Write out your answer completely. For example, 5 mulion should be entered os 5,000,000. Reund your answer to the nearest dollat Step by Step Solution
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