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Port Sanilac provided us with the following data for 2019 and forecasted data for 2020. 2019 2020 Sales 5,000,000 5,500,000 Assets 3,000,000 Notes Payable 300,000
Port Sanilac provided us with the following data for 2019 and forecasted data for 2020. 2019 2020 Sales 5,000,000 5,500,000 Assets 3,000,000 Notes Payable 300,000 Accounts Payable 200,000 Accruals 500,000 Expected profit Margin 4.0% Dividend Payout 45.0% Note that Notes Payable are usually not included among the spontaneous current liabilities. What is the additional funding needed in 2020?
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