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Yeats Corp is trying to determine ist short term cash needs. Given the following information, how much money will Yeats need to borrow next year?

Yeats Corp is trying to determine ist short term cash needs. Given the following information, how much money will Yeats need to borrow next year?

Sales next year are expected to be $500 million

operating margin is expected to be 8%

Interest expense is expected to be $6 million

Tax rate is 40%

Dividend payout ratio is 30%

Increase in working capital is 5% of sales

Increase in fixed assets is 10% of sales

No new equity will be issued

Need the following anwers and please show work to be credited for the point:

Sales -

Operating Income -

Interest Expense -

Income before taxes -

Net Income -

Dividends -

Increase in Retained Earnings -

Increase in Working Capital -

Increase in Assets -

Additional Capital needed -

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