Suppose that Wind Em Corp. currently has the balance sheet shown below, and that sales for the year just ended were $6.8 million. The firm also has a profit margin of 25 percent, a retention ratio of 20 percent, and expects sales of $7.8 million next year. Assets Liabilities and Equity Current assets $ 1,864,000 Current liabilities $ 2,265,760 Fixed assets 4,800,000 Long-term debt 1,600,000 Equity 2,798,240 Total assets $ 6,664,000 Total liabilities and equity $ 6,664,000.
If all assets and current liabilities are expected to grow with sales, what amount of additional funds will Wind Em need from external sources to fund the expected growth?