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Rickos Rickos
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6 years ago
South County Fiberoptics projects that it will need $100 million in total assets to meet the sales projection of $130 million.  The pro forma balance sheet shows accounts payable, $16 million, accrued expenses, $4 million, long-term debt, $20 million and equity, $65 million.  If South County decides to meet discretionary financing needs with 5 year notes payable, how much will it need to borrow?
A) $20 million
B) $0, the firm has excess funds.
C) $10 million
D) Cannot be calculated without knowing the net profit margin.
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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LutionalLutional
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3 years ago
thank you
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