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Company A's current sales are $120 and the most current balance sheet is presented below. Suppose ...

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Company A's current sales are $120 and the most current balance sheet is presented below. Suppose ...

Company A's current sales are $120 and the most current balance sheet is presented below. Suppose the sales growth rate is 10% and that short-term debt, long-term debt, and equity are not expected to change. What is the external financing needed for next year?

	year 0
Cash	10
Securities	10
A/R	5
Inventory	25
Net fixed assets	100
Total Assets	150
Accruals	10
Accounts payable	5
Short-term debt	15
Long-term debt	40
Equity	80
Total Liabilities and Shareholders' Equity	150

▸ -$13.5

▸ $151.5

▸ $165

▸ $13.5

Textbook

Corporate Finance

Edition: 5^th

Author: Booth

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this is exactly what I needed

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