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Broussard Skateboard's sales are expected to increase by 25%from $9.0 million in 2018 to $11.25 million in 2019. Its assetstotaled $5 million at the end of 2018. Broussard is already at fullcapacity, so its assets must grow at the same rate as projectedsales. At the end of 2018, current liabilities were $1.4 million,consisting of $450,000 of accounts payable, $500,000 of notespayable, and $450,000 of accruals. The after-tax profit margin isforecasted to be 4%, and the forecasted payout ratio is 70%. Whatwould be the additional funds needed? Do not round intermediatecalculations. Round your answer to the nearest dollar.
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