Additional Funds Needed
Please see attached. Please work the formula in steps.Last year's sales = So $400,000 Last year's accounts payable $40,000 Sales growth rate = g 30% Last year's notes payable $20,000 Last year's total assests = Ao $140,000 Last year's accruals $30,000 Last year's profit margin = M 15.0% Target payout ratio 30.0% a.