Help me answer this thank you Problem 9 (Additional Funds Needed)Hannah Company's sales are forecasted to increase from P1,000 in 20X4 to P2.,000in 20X5. Here is the December 31, 20X4 statement of financial position.Statement of Financial Position(in thousands of pesos)AssetsLiabulities and Stockholders EquiryCash.Accounts receivable.Inventory. .Current assets.Net fixed assets.P 100 Accounts payable .200 Notes payable.200 Accruals..P 500P 50I SOCurrent liabilities500 Long-term debeCommon stock .Retained earnings.Total liabilities andstockholders' equity.P 250400100250Total assets .2L000Hannah's fixed assets were used to only 50 percent of capacity during 20X4, bưtits current assets were at their proper levels. All assets except fixed assets increaseat the same rate as sales, and fixed assets would also increase at the same rate ifthe current excess capacity did not exist. Hannah's after-tax profit margin isforecasted to be 5 percent, and its payout ratio will be 60 percent. What is Hannah'sadditional funds needed (AFN) for the coming ycar?

As the sales of company increases than need for finance also increases so company require additional…

nnah Company's sales are forecasted to increase from P1,000 in 20X4 to P2.C 20x5. Here is the December 31, 20X4 statement of financial position. Statement of Financial Position (in thousands of pesos) Assets Liabilities and Stockholders' Equiny sh. ccounts receivable.. . P 100 Accounts payable.. 200 Notes payable. ......... IS .*.......

nnah Company's sales are forecasted to increase from P1,000 in 20X4 to P2.C 20x5. Here is the December 31, 20X4 statement of financial position. Statement of Financial Position (in thousands of pesos) Assets Liabilities and Stockholders' Equiny sh. ccounts receivable.. . P 100 Accounts payable.. 200 Notes payable. ......... IS .*.......

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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