11.41420.62001 200 352002 220 382003 400 552004 500 702

11.41420.62001
200
352002
220
382003
400
552004
500
702005
650
0600000
0.25
750000400000
0.25
5000001000000
12500006.254.68751.562510.56250.225000000000000010.337500000000000020.2025000000000000127Year
Sales
Inventories
Current assets
Fixed Assets
Total Assets
Actual
Basis
Forecasted
Total operating costs
EBIT
Interest
Earnings before tax
Tax at 40%
Net income before dividends
Dividends
Forecast
ROA
Adiitional Funds Required
Increase in assets
Spontanious Liability
Retained Earning
Solution1
Solution 2
Solution 3
Above solution is not in the given options but this is the correct solution.
(as per AFN Formula)
(20% of total Assets)
5% of sales less tax
Given
Attachments: