The Tigers Inc.'s sales are forecasted to double from $900 in 2020 to $1800 in 2021 (that is, a 100%increase). The 2020 Balance sheet for Tigers Inc., is shown here:2020 Balance SheetCash$50Account payable$100Account receivable250Notes payable$150$$$$$Inventories250Long-term debt400Net fixed assets500Common stock150Retained earnings250Total assets$ 1,050Total liabilities and equity2$1,050Assume that Tigers' fixed assets were used to 100% capacity and that its current assets were attheir proper levels in relation to sales. Tigers' after-tax profit margin (i.e. NI/ Sales) is forecasted tobe 8% and its payout ratio to be 40%.$ 900$ 1,800Sales 2020 =Sales 2021 =NI/Sales =Payout ratio =8%50%What is Tigers' additional funds needed (AFN) for 2021? Round your answer to the nearest dollar.

Balance sheet shows the position of a firm at a specific point of time. It is prepared at the year…

The Tigers Inc.'s sales are forecasted to double from $900 in 2020 to $1800 in 2021 (that is, a 100% ncrease). The 2020 Balance sheet for Tigers Inc., is shown here: 2020 Balance Sheet Cash Account payable Notes payable $ 50 100 Account receivable $ 250 $ 150 Enventories $ $ Long-term debt Common stock 250 $ 400 Net fixed assets 500 150 Retained earnings $ 250 Total assets $ 1,050 Total liabilities and equity $ 1,050 Assume that Tigers' fixed assets were used to 100% capacity and that its current assets were at heir proper levels in relation to sales. Tigers' after-tax profit margin (i.e. NI/ Sales) is forecasted to be 8% and its payout ratio to be 40%. $ 900 $ 1,800 Sales 2020 = Sales 2021 = NI/Sales = Payout ratio = 8% 50% What is Tigers' additional funds needed (AFN) for 2021? Round your answer to the nearest dollar. %24 %24

The Tigers Inc.'s sales are forecasted to double from $900 in 2020 to $1800 in 2021 (that is, a 100% ncrease). The 2020 Balance sheet for Tigers Inc., is shown here: 2020 Balance Sheet Cash Account payable Notes payable $ 50 100 Account receivable $ 250 $ 150 Enventories $ $ Long-term debt Common stock 250 $ 400 Net fixed assets 500 150 Retained earnings $ 250 Total assets $ 1,050 Total liabilities and equity $ 1,050 Assume that Tigers' fixed assets were used to 100% capacity and that its current assets were at heir proper levels in relation to sales. Tigers' after-tax profit margin (i.e. NI/ Sales) is forecasted to be 8% and its payout ratio to be 40%. $ 900 $ 1,800 Sales 2020 = Sales 2021 = NI/Sales = Payout ratio = 8% 50% What is Tigers' additional funds needed (AFN) for 2021? Round your answer to the nearest dollar. %24 %24

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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