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Forecast the additional funds beasley will need

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Reference no: EM132814457

Question - Beasley Industries' sales are expected to increase from $5 million in 2017 to $6 million in 2018, or by 20%. Its assets totaled $3 million at the end of 2017. Beasley is at full capacity, so its assets must grow in proportion to projected sales. At the end of 2017, current liabilities are $760,000, consisting of $130,000 of accounts payable, $350,000 of notes payable, and $280,000 of accrued liabilities. Its profit margin is forecasted to be 4%, and its dividend payout ratio is 50%.

Using the AFN equation, forecast the additional funds Beasley will need for the coming year.

Reference no: EM132814457

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