Find amount of additional financing needed for fiscal year

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Reference no: EM13328091

Using the following data, determine the amount of additional financing needed for the next fiscal year:

Sales	$3,500	Accounts Payable	$3,250
Cash	$400	Notes Payable	$12,000
Accounts Receivable	$750	Long-Term Debt	$5,000
Inventory	$2,050	Shareholder Equity	$1,250
Fixed Assets	$15,500	Dividends	$300

Sales Increase Per Year	25%
Tax Rate	35%

Reference no: EM13328091

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