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What is booth additional funds needed

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Question - The Booth Company's sales are forecasted to increase from $1,000 in 2006 to $2,000 in 2007. Here is the December 31, 2006, balance sheet: Booth's fixed assets were used at full capacity during 2006. All assets and spontaneous liabilities increase at the same rate as sales. Booth's after-tax profit margin is forecasted to be 5 percent, and its payout ratio will be 60 percent. What is Booth's additional funds needed (AFN) for the coming year?

Reference no: EM132998821

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