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Caristad Corporation's sales are expected to increase from \\( \\$ 5 \\) milion in 2019...

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Accounting

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Caristad Corporation's sales are expected to increase from \\( \\$ 5 \\) milion in 2019 to \\( \\$ 6 \\) million in 2020 , or by \20. Its assels totaled 54 million at the end of 2019. Carlsbad is at full capacity, so its assets must grow in proportion to peojected saies. At the end of 2019, currert liabilities are 51 milion cossating of \\( \\$ 250,000 \\) of accounts pavable, \\( \\$ 500,000 \\) of notes payable, and \\( \\$ 250,000 \\) of accrued labaties. Its proft margin is forecasted to be \\( 4 K \\), and the forncasted retention ratio is 35\\%. Use the AFN equation to forecast the additional funds Carsbed wa need for the coming year. Write cut your answer completey, For example, 5 million should be entered as 5,000,000. Round your answer to the neareat doller s

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