Business, 30.07.2021 18:50 Gabbymadrid3240

Beasley Industries' sales are expected to increase from $4 million in 2017 to $5 million in 2018, or by 25%. Its assets totaled $3 million at the end of 2017. Beasley is at full capacity, so its assets must grow in proportion to projected sales. At the end of 2017, current liabilities are $740,000, consisting of $170,000 of accounts payable, $400,000 of notes payable, and $170,000 of accrued liabilities. Its profit margin is forecasted to be 4%, and its dividend payout ratio is 60%. Using the AFN equation, forecast the additional funds Beasley will need for the coming year. Do not round intermediate calculations. Enter your answer in dollars. For example, an answer of $2 million should be entered as 2,000,000. Round your answer to the nearest

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Beasley Industries' sales are expected to increase from $4 million in 2017 to $5 million in 2018, or...

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