What are the companys additional funds needed for the next


CCC currently has sales of $28,000,000 and projects sales of $39,200,000 for next year. The firm's current assets equal $7,000,000 while its fixed assets are $6,000,000. The best estimate is that current assets will rise directly with sales while fixed assets will rise by $300,000. The firm presently has $3,500,000 in accounts payable, $2,100,000 in long-term debt, and $7,400,000 in common equity. All current liabilities are expected to change directly with sales. CCC plans to pay $1,000,000 in dividends next year and has a 4.0% net profit margin. What are the company's additional funds needed for the next year? (Round your answer to the nearest dollar.)

Request for Solution File

Ask an Expert for Answer!!
Financial Management: What are the companys additional funds needed for the next
Reference No:- TGS02283186

Expected delivery within 24 Hours