Given the following financial statements, what are the additional funds needed to pay for a growth rate of 15%? The assets are currently utilized at 95% of capacity. The fixed assets can only increase by increments of $27,000,000. Income Statement All numbers in thousands Revenue 31-Dec-17 Total Revenue 160,043,000 COGS 140,436,000 SG&A 11,527,000 Depreciation 3,267,000 EBIT 4,813,000 Interest Expense 1,133,000 Income Before Tax 3,680,000 Income Tax Expense 520,000 Net Income 3,160,000 Dividends 1,580,000 Add. to Retained Earnings 1,580,000 Balance Sheet All numbers in thousands Period Ending 31-Dec-17 Current Assets Current Liabilities Cash 28,709,500 Accounts Payable 23,282,000 Accounts Receivables 73,026,500 Note Payable 51,621,000 Inventory 14,166,000 Accruals 19,697,000 Total Current Assets 115,902,000 Total Current Liabilities 94,600,000 Long Term Debt 128,220,000 Common Stock 41,000 Retained Earnings 34,947,000 PP&E 141,906,000 Total Stockholder Equity 34,988,000 Total Assets 257,808,000 Total Assets 257,808,000
Given the following financial statements, what are the additional funds needed to pay for a growth rate of 15%? The assets are currently utilized at 95% of capacity. The fixed assets can only increase by increments of $27,000,000.
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Income Statement |
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All numbers in thousands |
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Revenue |
31-Dec-17 |
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Total Revenue |
160,043,000 |
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COGS |
140,436,000 |
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SG&A |
11,527,000 |
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3,267,000 |
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EBIT |
4,813,000 |
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Interest Expense |
1,133,000 |
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Income Before Tax |
3,680,000 |
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Income Tax Expense |
520,000 |
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Net Income |
3,160,000 |
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Dividends |
1,580,000 |
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Add. to |
1,580,000 |
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All numbers in thousands |
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Period Ending |
31-Dec-17 |
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Current Assets |
Current Liabilities |
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Cash |
28,709,500 |
Accounts Payable |
23,282,000 |
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Accounts Receivables |
73,026,500 |
Note Payable |
51,621,000 |
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Inventory |
14,166,000 |
Accruals |
19,697,000 |
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Total Current Assets |
115,902,000 |
Total Current Liabilities |
94,600,000 |
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Long Term Debt |
128,220,000 |
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Common Stock |
41,000 |
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Retained Earnings |
34,947,000 |
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PP&E |
141,906,000 |
Total |
34,988,000 |
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Total Assets |
257,808,000 |
Total Assets |
257,808,000 |
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