How much external financing will meltzer require

Reference no: EM13298665

Meltzer electronics estimates that its total financing needs for the coming year will be $34.5 million. During the coming fiscal year, the firm's required financing payments on its debit and equity financing will total $12.9 million. The firm's financial manager estimates that operating cash flows for the coming year will total $33.7 million and that the following changes will occur in the accounts noted.

Accounts forecast change
Gross fixed assets $8.9 million
Change in current assets +2.3 million
Changes in accounts payable +1.3 million
Changes in accrued liabilities +0.8 million

How much of the free cash flow will the firm have available as a source of new internal financing in the coming year?
How much external financing will Meltzer require during the coming year to meet its total forecast financing needs?

Reference no: EM13298665

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