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What is the discretionary financing needed

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A company is preparing a pro forma balance sheet. The company forecast $10 million in projected sales. The projected cash needed 6% of sales, accounts receivable are 19% of sales, and PP&E are 50% of sales. Accounts payable have been 12% of sales, historically.

Shareholders' equity is $1.5 million. Pro forma income is $3.6 million. The company has no long-term debt.

What is the discretionary financing needed?

Reference no: EM132460096

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