Assignment:
Sales are expected to increase by 20% fro $5 million in 2009 to $6 million in 2010. Assets totaled $3 million at the end of 2009 which current liabilities were $1 million consisting of @250,000 of accounts payable, $500,000 of notes payable, and $250,000 of accruals. The after tax profit margin is forecasted to be 5%, and the forecasted payout ratio is 70%. What is the forecast of additional funds for the coming year.