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Category > Business & Finance Posted 03 Aug 2017 My Price 5.00

The McGill Company's sales are forecasted to increase from $1,000 in 2009 to $2,000 in 2010..

The McGill Company's sales are forecasted to increase from $1,000 in 2009 to $2,000 in 2010. Here is the December 31, 2009, balance sheet:

 

McGill's rued assets were used to only 50 percent of capacity during 2009, but its current assets were at their proper levels. All assets except fixed assets increase at the same rate as sales, and fixed assets would also increase at the same rate if the current excess capacity did not exist. McGill's after-tax profit margin is forecasted to be 5 percent, and its payout ratio will be 60 percent. What is McGill's additional funds needed (AFN) for the coming year? Ignore financing feedback effects.

 

Answers

Alpha Geek
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Status NEW Posted 03 Aug 2017 03:08 PM My Price 5.00

sal-----------es -----------inc-----------rea-----------se=-----------200-----------0/1-----------000------------1=-----------100-----------% n-----------et -----------inc-----------ome-----------=20-----------00*-----------5%=-----------100----------- re-----------tai-----------ned----------- ea-----------rni-----------ngs----------- in-----------cre-----------ase----------- af-----------ter----------- di-----------vid-----------end----------- pa-----------id=-----------100-----------*(1------------60-----------%)=-----------40 -----------cur-----------ren-----------t a-----------sse-----------ts -----------inc-----------rea-----------se -----------by -----------500-----------*10-----------0%=-----------500-----------

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