Question
The following is the Balance Sheet for Amani Company for agricultural and animal production as of 31/12 (a hypothetical example) in Saudi Riyals. If you
The following is the Balance Sheet for Amani Company for agricultural and animal production as of 31/12 (a hypothetical example) in Saudi Riyals.
If you know that the net profit margin for the company is 20%, and that the company distributes 40% to shareholders, and that the company's sales in 2021 were 600,000 Riyals, and it is expected that sales will increase by 20% next year, the company needs to invest in additional equipment to meet the increase in sales. Required:
1- Prepare the budget estimate ( estimated budget) for the year 2022. 2- Calculate the total needs. 3- Calculate the external financial needs.
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