Why the external financing will the firm have to seek


Tinbergen Cans expects sales next year to be $30,000,000. Inventory and accounts receivable (combined) will increase $4,000,000 to accommodate this sales level. The company has a profit margin of 10 percent and a 30 percent dividend payout. How much external financing will the firm have to seek? Assume there is no increase in liabilities other than that which will occur with the external financing.

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: Why the external financing will the firm have to seek
Reference No:- TGS0728348

Expected delivery within 24 Hours