Find the amount of ?nancing needed by sabaq corporation

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Sabaq Corporation wants to determine the additional funds needed for its forecasted sales in the coming year, The forecasted ?nancial information are as follows: Expected sales is RM550,000,000 Operating pro?t margin is forecasted at 7 percent of sales Interest expense is expected to be RM450,000 Tax rate is expected to remain at 28 percent Dividend payout ratio is 40 percent Increase in working capital is forecasted at 6 percent of sales Increase in ?xed assets is expected to be 8 percent of sales New equity to be issued is 60 percent of funds required

Problem 1: Given the above information, determine the amount of ?nancing needed by Sabaq Corporation

Reference no: EM132656417

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