Broussard Sikatebsard's saies are expected to increase by 25% from $7.4 million in 2018 to...
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Broussard Sikatebsard's saies are expected to increase by 25% from $7.4 million in 2018 to $9.25mitson in 2019.15 assets totaled $2milion at the end of 2017 . Broussard is already at full capacity, so its assets must grow of the same rate as projected sales. At the end of 2018 , current llabilities were s1.4 milion, consisting of s450,009 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 7%, and the forecasted payout ratio is 50%, Use the AFy. equation to forecast Broussard's additional funds needed for the coming year. Entor your answer in dollars. For example, an answer of $1.2 milion should be entered as s1, 200,000. Do not round intermediate calculations. Round your answer to the nearest dollar
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