please answer parts 1,3 and 4
Intro Mickey Inc. is about to open a new amusement park and expects sales to grow by 50% next year. The income statement and balance sheet for the previous year are given below (in $ million): Interest expenses and the tax rate and payout ratio will stay the same. Accounts payable and accrued wages are expected to increase at the same rate as sales. Assets would grow at the same rate if the company operated at full capacity, but capacity utilization was only 86% last year. Part 1 E E Attempt 2/10 for 10 pts. What are projected assets for next year (in $ million)? What are projected current liabilities (in $ miltion)? Correct \& Accounts payable and accrued wages grow at the same rate as sales, or 50%. while notes payable stay constant. Current liabilities increase to $58.3 million. Part 3 Attempt 3/10 for 10pts. What is projected equity for nexd yoar (in 5 million)? Part 4 Attempt 1/10 for 10pts. What is the external funding required (EFF) for next year (in $ million)? Intro Mickey Inc. is about to open a new amusement park and expects sales to grow by 50% next year. The income statement and balance sheet for the previous year are given below (in $ million): Interest expenses and the tax rate and payout ratio will stay the same. Accounts payable and accrued wages are expected to increase at the same rate as sales. Assets would grow at the same rate if the company operated at full capacity, but capacity utilization was only 86% last year. Part 1 E E Attempt 2/10 for 10 pts. What are projected assets for next year (in $ million)? What are projected current liabilities (in $ miltion)? Correct \& Accounts payable and accrued wages grow at the same rate as sales, or 50%. while notes payable stay constant. Current liabilities increase to $58.3 million. Part 3 Attempt 3/10 for 10pts. What is projected equity for nexd yoar (in 5 million)? Part 4 Attempt 1/10 for 10pts. What is the external funding required (EFF) for next year (in $ million)