Please answer the question. DO NOT send me a link to where to find the answer.
2) The 1999 Balance Sheet for ABC Corporation is shown below:
Assets 1999 Liabilities 1999
Cash $10000 Accounts Payable $ 8000
Accounts Receivable 20000 Accruals 2000
Inventory 40000 Total Current Liabilities $10000
Total Current Assets $70000 Bonds $30000
Net Fixed Assets $150000 Total Liabilities $40000
Owners Equity
Common Stock $100000 Retained Earnings 80000
Total Assets $220000 Total Liab.& OE $220000
The firm is currently operating at 100% capacity with sales of $100000. Management believes that next year sales will increase by 10% and it
is anticipating that the firms profit margin will remain at 20%. The dividend payout for next year will be 45%. In the year 2000 what will the firms
additional funds needed be? (In answering this question you must prepare a pro forma balance sheet.)