The company achieve without having to raise funds externally

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Reference no: EM132046192

Ball Corp. generated 2.0 million in sales during 2015, and its year end total assets were 1.5 million. Also, at year end 2015, current liabilities were 500000, consisting of 200,000 notes payable, 200,000 account payable, and 100,000 accruals. Looking ahead to 2016, the company estimates that its assets must increase by 75cents for every 1 dollar increase in sales. Ball Corp's profit margin is 5% and it's payout ratio is 60%. How large a sales increase can the company achieve without having to raise funds externally?

Reference no: EM132046192

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