Broussard Skateboard's sales are expected to increase by 15% from $8.8 million in 2019 to...
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Finance
Broussard Skateboard's sales are expected to increase by from $ million in to $ million in Its assets totaled $ million at the end of
Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of current liabilities were $ million, consisting of $ of accounts payable, $ of notes payable, and $ of accruals. The aftertax profit margin is forecasted to be and the forecasted payout ratio is Use the AFN equation to forecast Broussard's additional funds needed for the coming year. Enter your answer in dollars. For example, an answer of $ million should be entered as $ Do not round intermediate calculations. Round your answer to the nearest dollar.
$
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