.00 million in 2020. Its assets totaled $5 million at the end of 2019. pussard is already at full capacity, so its assets must grow at the same rate as proje es. At the end of 2019, current liabilities were $1.4 million, consisting of $450000 d counts payable, $500000 of notes payable, and $450000 of accruals. The after-tax argin is forecasted to be 3%, and the forecasted payout ratio is 55%. Use the AFN e forecast Broussard's additional funds needed for the coming year. ter your answer in dollars. For example, an answer of $1.2 million should be entered 200,000. Do not round intermediate calculations. Round your answer to the neares

.00 million in 2020. Its assets totaled $5 million at the end of 2019. pussard is already at full capacity, so its assets must grow at the same rate as proje es. At the end of 2019, current liabilities were $1.4 million, consisting of $450000 d counts payable, $500000 of notes payable, and $450000 of accruals. The after-tax argin is forecasted to be 3%, and the forecasted payout ratio is 55%. Use the AFN e forecast Broussard's additional funds needed for the coming year. ter your answer in dollars. For example, an answer of $1.2 million should be entered 200,000. Do not round intermediate calculations. Round your answer to the neares

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter9: Corporate Valuation And Financial Planning

Section: Chapter Questions

Problem 1P: Broussard Skateboard’s sales are expected to increase by 15% from $8 million in 2018 to $9.2 million...

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Broussard Skateboard's sales are expected to increase by 20% from $8.6 million in 2019 to $10.32 million in 2020. Its assets totaled $3 million at the end of 2019. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2019, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 6%, and the forecasted payout ratio is 60%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year. $______
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