Business, 20.09.2020 14:01 ashgold324

CCC currently has sales of $30,000,000 and projects sales of $36,000,000 for next year. The firm's current assets equal $11,000,000 while its fixed assets are $12,000,000. The best estimate is that current assets will rise directly with sales while fixed assets will rise by $200,000. The firm presently has $5,500,000 in accounts payable, $3,300,000 in long-term debt, and $14,200,000 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 5.0% net profit margin. What are the company's additional funds needed for the next year?

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CCC currently has sales of $30,000,000 and projects sales of $36,000,000 for next year. The firm's c...

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