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Manal Elkhoshkhany
Manal Elkhoshkhany, Bachelor's Degree
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Baxter Video Products sales are expected to increase by 20%

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Baxter Video Product's sales are expected to increase by 20% from $5 million in 2010 to $6 million in 2011. Its assets totaled $3 million at the end of 2010. Baxter is already at full capacity so its assets must grow at the same rate as projected sales. At the end of 2010, current liabilities were $1 million consisting of $250,000 of accounts payable, $500,000 of notes payable and $250,000 of accruals. The after-tax profit margin is forecasted to be 5% and the forecasted payout ratio is 70%. Use the AFN equation to forecast Baxter's additional funds needed for the coming year. Please show the work of how you got the answer. Thank you.
Submitted: 4 years ago.
Category: Single Problem
Expert:  Manal Elkhoshkhany replied 4 years ago.



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