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March 5, 2015

March 5, 2015

Posted by **Hollie** on Thursday, July 1, 2010 at 1:17pm.

Cash, 5%. Accounts receivable, 15. Inventory, 25. Net fixed assets, 40. Accounts payable, 15. Accruals, 10. Profit margin after taxes, 6%.

The dividend payout rate is 50 percent of earnings, and the balance in retained earnings at the end of 2008 was $33 million and $5 million, respectively. Notes payable are currently $12 million.

a) How much additional external capital will be required for next year if sales increase 15 percent? (Assume the company is already operating at full capacity)

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