In: Finance
XYZ has the following financial information for 2018:
C.L. = $0.2M, LTD = $1M, C.S. = $2M, R.E. = $0.8M
If 2019 sales are projected to be $2.4M, what is the amount of external financing needed, assuming XYZ is operating at full capacity, and the profit margin and payout ratio remain constant? calculate also % change in sales, Projected total assets, and Projected Current Liabilities!
ps : please be detail in mentioning formula such as Profit margin = net income/sales
SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE
ANSWER IN MILLION AS ALL DETAILS ARE MILLIONS. NEED CHANGE, LET ME KNOW. THANK YOU