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  3. your companys accounting year finishes at the end

Your companys accounting year finishes at the end of December. Assume the year 2020 has...

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Accounting

Your companys accounting year finishes at the end of December. Assume the year 2020 has just finished. As CFO of the company, you want to forecast the amount of debt at the end of year 2021.

Actual figure for 2020

Debt 60 billion yen

Shareholders equity 240 billion yen

Forecast for year 2021

Sales 600 billion yen

Net income 100 billion yen

Dividend 40 billion yen

Total asset turnover 1.2 times

Other liabilities turnover 5.0 times

How much is the total assets of year 2021?

billion yen

How much is the other liabilities of year 2021? billion yen

How much is the shareholders' equity of year 2021? billion yen

How much is the debt of year 2021? billion yen

How much does the company need to increase the debt during the year? billion yen

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