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What am I doing wrong? My additional funds is wrong. Please correct the question: The Company expects sales to grow by 2 5 % in
What am I doing wrong? My additional funds is wrong. Please correct the question:
The Company expects sales to grow by in Assets, costs, and accounts payable are proportional to sales. Depreciation, interest, longterm debt and notes payable will remain the same year over year and not increase at the rate. The company expects to distribute of earnings to shareholders ratio and pay taxes at a rate. What is the external financing needed? Use the percentage of sales metIncome Statement and Balance Sheets
Sales
COGS
Depreciation
EBIT
Interest
EBT
Taxes
Net income
Dividends
Cash Accounts payable
Accounts receivable Notes payable
Inventory Current liabilities
Current assets Longterm debt
Fixed assets Owners' equity
Current assets Total liabilities and owners' equity
MY ANSWER WHICH IS WRONG:
Cash
Accounts receivable
Accounts payable
Fixed assets
Cost of goods sold
Net income
Percentage of each account
Accounttotal sales
Cash
Accounts receivable
Accounts payable
Fixed assets
Cost of goods sold
Net income
Forecasted sales current salesgrowth rate
Current Sales $
Expected sales growth rate
Assumed sales $
Forecast percentage for account assumed sales thodd
Cash $
Accounts receivable $
Accounts payable $
Fixed assets $
Cost of goods sold $
Net income $
Calculation of external financing need
Current net income $
Forecasted net income $
Additional funds $
No other additional information
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