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what is the additional funding requirement for the next year? please use excel to show formulas (The following information is related to the next four

what is the additional funding requirement for the next year? please use excel to show formulas image text in transcribed
(The following information is related to the next four questions.) The most recent financial statements for Fleury Inc., follow. Sales for next year are projected to grow by 20 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets and accounts payable increase spontaneously with sales. FLEURY, INC Income Statement of Last Year Sales Costs 759,000 594,000 15,000 Other expenses Earnings before interest and taxes Interest paid $ 150,000 16,000 $ Taxable income Taxes (309) Net income 134,000 40,200 $ 93,800 Dividends Addition to retained camings $28,140 65,660 D FLEURY, INC Balance Sheet of Last Year Assets Liabilities and Owners' Equity Current assets Cash Accounts receivable Current liabilities 21,840 Accounts payable 34,160 Notes payable $ 56,000 15,200 Inventory 71.120 Total s 21,200 $ $ 142.000 Total Fixed assets Net plant and equipment $ 127.120 Long-term det Owners' equity Common stock and paid 363.000 in surplus Retained earnings S 128.000 148.920 Total S 276,920 Total assets 490,126 Total liabilities and owners' equity 5 490.120

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