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Your firm's most recent sales total $5000000. The firm expects sales to grow by 55% in 2021. The firm has $5300000 in total assets. The
Your firm's most recent sales total $5000000. The firm expects sales to grow by 55% in 2021. The firm has $5300000 in total assets. The firm's current liabilities total $4000000, and notes payable make up 25% of the current liabilities. The firm has a 10% profit margin, and currently pays out 60% of its net income in the forms of dividends. What additional funding, if any, does the firm need to finance the growth in sales?
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