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

Projected Spontaneous Liabilities Smiley Corporation's current sales and partial balance sheet are shown below. Sales Balance Sheet: Liabilities Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities & equity This year $10,000 $ 2,000 $ 1,500 $ 1,400 $ 4,900 $ 2,000 $ 6,900 $ 2,000 $3,000 $ 5,000 $11,900 Sales are expected to grow by 14% next year. Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? Do not round intermediate calculations. Round your answer to the nearest dollar.

The most recent financial statements for Crosby, Incorporated, follow. Sales for 2021 are projected to grow by 25 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. Sales Costs Other expenses CROSBY, INCORPORATED 2020 Income Statement Earnings before interest and taxes Interest paid Taxable income Taxes (24%) Net income Dividends Addition to retained earnings Current assets Cash Accounts receivable Inventory Total Total assets $ 23,440 50,584 Fixed assets Net plant and equipment $ 224,000 EFN $ 25,640 35,100 71,780 $ 132,520 CROSBY, INCORPORATED Balance Sheet as of December 31, 2020 Assets $ 767,000 623,000 31,000 $ 356,520 $ 113,000 15,600 $ 97,400 23.376 $ 74,024 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus…

The most recent financial statements for Crosby, Incorporated, follow. Sales for 2021 are projected to grow by 30 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales.   CROSBY, INCORPORATED 2020 Income Statement Sales   $ 749,000 Costs   584,000 Other expenses   20,000       Earnings before interest and taxes   $ 145,000 Interest paid   16,000       Taxable income   $ 129,000 Taxes (21%)   27,090       Net income   $ 101,910       Dividends $ 31,592   Addition to retained earnings 70,318     CROSBY, INCORPORATED Balance Sheet as of December 31, 2020 Assets   Liabilities and Owners’ Equity   Current assets   Current liabilities   Cash $ 20,840 Accounts payable $ 55,000 Accounts receivable 43,780 Notes payable 14,200         Inventory 93,960 Total $ 69,200…