What is the External Financing Needed (EFN) for 20X2 if the company is operating at 70% capacity
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Question:
What is the External Financing Needed (EFN) for 20X2 if the company is operating at 70% capacity?
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Year 20X2
- Net sales $1,335,481
- Cost of goods sold 600,966
- Depreciation 200,322
- Interest paid 42,960
- Cash 113,516
- Accounts receivable 400,644
- Inventory 400,644
- Net fixed assets 1,602,577
- Accounts payable 333,870
- Notes payable 37,000
- Long-term debt 500,000
- Common stock 1,000,000
- Retained earnings 646,511
- Tax rate 30%
- Dividend payout 35%
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