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Category > Management Posted 18 Jan 2018 My Price 7.00

Wall-E Corp

Suppose that Wall-E Corp. currently has the balance sheet shown below, and that sales for the year just ended were $7.6 million. The firm also has a profit margin of 25 percent, a retention ratio of 30 percent, and expects sales of $9.6 million next year. Fixed assets are currently fully utilized, and the nature of Wall-E’s fixed assets is such that they must be added in $1 million increments.

Assets Liabilities and Equity
  Current assets $ 2,508,000   Current liabilities $ 2,280,000  
  Fixed assets   5,700,000   Long-term debt   1,800,000  
        Equity   4,128,000  
               
  Total assets $ 8,208,000   Total liabilities and equity $ 8,208,000  
               
 

If current assets and current liabilities are expected to grow with sales, what amount of additional funds will Wall-E need from external sources to fund the expected growth?

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Maurice Tutor
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Status NEW Posted 18 Jan 2018 06:01 PM My Price 7.00

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