What is the total amount of additional funding which the firm plans to take on in the year 2020? FIN401 - Ch.12 Problems Problem 12-9: Garlington Tech S24 Variant Balance Sheet Cash Receivables Inventory Total Current Assets Net Fixed Assets Total Assets Accounts Payable Line of Credit Accruals Total Current Liabilities Long-term Bonds Common Stock Retained Earnings Total Liabilities & Equity AFN (external) Cumulative AFN Income Statement Final Projection 12/31/2019 12/31/2020 160,000.00 184,000 360,000.00 387,000 720,000.00 828,000 1,240,000.00 1,399,000 4,000,000.00 4,600,000 5,240,000.00 5,999,000 360,000.00 414,000 148,954.27 200,000.00 230,000 560,000.00 792,954 1,000,000.00 1,000,000 1,100,000.00 1,248,954 2,580,000.00 2,957,091 5,240,000.00 5,999,000 0.00 297,908.55 Final Projection 12/31/2019 12/31/2020 Sales Operating Costs 4,000,000.00 4,600,000.00 3,200,000.00 3,680,000.00 EBIT Interest EBT 800,000.00 920,000.00 120,000.00 137,874.51 680,000.00 782,125.49 Taxes (25) Net Income 170,000.00 195,531.37 510,000.00 586,594.12 O a. 580,045.72 O b. 5,999,000 O c. 377,091.45 O d. 526,045.72 e. 729,000

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
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ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter16: Financial Planning And Forecasting
Section: Chapter Questions
Problem 2P: AFN EQUATION Refer to Problem 16-1. What additional funds would be needed if the companys year-end...
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What is the total amount of additional funding which the firm plans to take on in the year 2020?
FIN401 - Ch.12 Problems
Problem 12-9: Garlington Tech
S24 Variant
Balance Sheet
Cash
Receivables
Inventory
Total Current Assets
Net Fixed Assets
Total Assets
Accounts Payable
Line of Credit
Accruals
Total Current Liabilities
Long-term Bonds
Common Stock
Retained Earnings
Total Liabilities & Equity
AFN (external)
Cumulative AFN
Income Statement
Final
Projection
12/31/2019
12/31/2020
160,000.00
184,000
360,000.00
387,000
720,000.00
828,000
1,240,000.00
1,399,000
4,000,000.00 4,600,000
5,240,000.00 5,999,000
360,000.00
414,000
148,954.27
200,000.00
230,000
560,000.00
792,954
1,000,000.00
1,000,000
1,100,000.00 1,248,954
2,580,000.00 2,957,091
5,240,000.00 5,999,000
0.00
297,908.55
Final
Projection
12/31/2019 12/31/2020
Sales
Operating Costs
4,000,000.00 4,600,000.00
3,200,000.00 3,680,000.00
EBIT
Interest
EBT
800,000.00 920,000.00
120,000.00 137,874.51
680,000.00 782,125.49
Taxes (25)
Net Income
170,000.00 195,531.37
510,000.00 586,594.12
O a. 580,045.72
O b. 5,999,000
O c. 377,091.45
O d. 526,045.72
e. 729,000
Transcribed Image Text:What is the total amount of additional funding which the firm plans to take on in the year 2020? FIN401 - Ch.12 Problems Problem 12-9: Garlington Tech S24 Variant Balance Sheet Cash Receivables Inventory Total Current Assets Net Fixed Assets Total Assets Accounts Payable Line of Credit Accruals Total Current Liabilities Long-term Bonds Common Stock Retained Earnings Total Liabilities & Equity AFN (external) Cumulative AFN Income Statement Final Projection 12/31/2019 12/31/2020 160,000.00 184,000 360,000.00 387,000 720,000.00 828,000 1,240,000.00 1,399,000 4,000,000.00 4,600,000 5,240,000.00 5,999,000 360,000.00 414,000 148,954.27 200,000.00 230,000 560,000.00 792,954 1,000,000.00 1,000,000 1,100,000.00 1,248,954 2,580,000.00 2,957,091 5,240,000.00 5,999,000 0.00 297,908.55 Final Projection 12/31/2019 12/31/2020 Sales Operating Costs 4,000,000.00 4,600,000.00 3,200,000.00 3,680,000.00 EBIT Interest EBT 800,000.00 920,000.00 120,000.00 137,874.51 680,000.00 782,125.49 Taxes (25) Net Income 170,000.00 195,531.37 510,000.00 586,594.12 O a. 580,045.72 O b. 5,999,000 O c. 377,091.45 O d. 526,045.72 e. 729,000
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