Estimate mwms additional funds needed for next year

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Midwest Mining (MWM) expects its sales to grow by 20 percent next year. Last year, when the firm was operating at full capacity, MWM generated sales equal to $250,000 with assets of $800,000. MWM's current balance sheet shows that ac-counts payable and accruals are $150,000, notes payable are 25,000, long-term debt is $100,000, common stock is $450,000, and retained earnings are $75,000. Next year, MWM's net profit margin is expected to be the same as this past year, 5 percent, and the company plans to continue to pay 60 percent of earnings as dividends. Estimate MWM's additional funds needed (AFN) for next year.

Reference no: EM13853814

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