What is the additional funds needed

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A company sales are forecasted to double from $1,000 in 2015 to $2,000 in 2016.

balance sheet:

Cash $  100 

Accounts payable $ 50

Accounts receivable $200

Notes payable $150

Inventories $200 

Accruals $50

Net fixed assets $500

Long-term debt $400

Common stock $100

Retained earnings $250

Total assets $1000

Total liabilities and equity $1000 fixed assets were used to only 50% of capacity during 2015.

After-tax is forecasted to be 4% and payout ratio to be 35%.

What is the additional funds needed (AFN) for the coming year?

Reference no: EM132031137

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