Projected total assets and additional funds

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The firm currently uses straight line depreciation so that depreciation expense in 2017 will be the same as in 2018. Depreciation expense in 2017 was $5,000. Sales are expected to grow by 30% in 2018. All net income is paid out in dividends and no new stock issues are planned. Notes payable at the end of 2017 will be paid off in 2018.

Calculate projected total assets and additional funds needed for 2018.

End of year 2017

Cash                                            $15,000

Accounts Receivable                     20,000

Inventory                                    35,000

Fixed Assets, gross                       75,000

Accumulated Depreciation             15,000

Fixed Assets, net                          60,000

Accounts Payable                         15,000

Notes Payable                               25,000

Long-Term Debt                           30,000

Common Equity                           60,000

Reference no: EM132044328

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