Futuristic Development (FD) generated $3 million in sales last year with assets equal to $6...
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Finance
Futuristic Development FD generated $ million in sales last year with assets equal to $ million. The firm operated at full capacity last year. According to FDs balance sheet, the only current liabilities are accounts payable which equals $ The only other liability is longterm debt which equals $ The common equity section is comprised of shares of common stock with a book value equal to $ million and $ of retained earnings.Next year,FD expects its sales will increase by percent. The companies net profit margin is expecte to remain at its current level, which is percent of sales. FD plans to pay dividends equal to $ per share. it also plans to issue shares of a new common stock, which will raise $ Estimate the additional funds needed AFN to acheive the forecasted sales next year. Round your answer to the nearest dollar.
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