PROBLEM 14-3
FINANCIAL FORECASTING
DATA		Input	Calculations
Sales next yr		4,000,000
Earnings		5%	200,000
after taxes
Current assets		20%	800,000
Fixed assets		1,000,000
Common equity		800,000
Paid-out		50%	100,000
dividends (% of ATE)
S-T payables		10%	400,000
and trade credit
Total assets =		1,800,000
Other financing =		1,300,000
Financing Needs =		0