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Paste Clipboard A1 1 2 WN FILE 3 5 6 7 8 9 A B 1. Calculate the additional funds needed. HOME Calibri INSERT READY Attempt(s) BIU Font 11 Y Sales last year Profit margin Retention ratio Sheet1 с PAGE LAYOUT A A fxx Y Additional Funds Needed - Excel FORMULAS DATA REVIEW % Alignment Number Conditional Format as Cell Formatting Table Styles Styles D Assets Liabilities and Equity Current assets $2,124,000 Fixed assets 4,200,000 $ VIEW E 10,200,000 30% 20% LL F Suppose that Gyp Sum Industries currently has the balance sheet shown below, and that sales for the year just ended were $10.2 million. The firm also has a profit margin of 30 percent, a retention ratio of 20 percent, and expects sales of $8.2 million next year. I Cells Current liabilities $ 1,707,480 Long-term debt 1,600,000 3,016,520 Equity Total assets $6,324,000 Total liabilities and equity $ 6,324,000 If all assets and current liabilities are expected to shrink with sales, what amount of additional funds will Gyp Sum need from external sources to fund the expected growth? (Enter your answer in dollars not in millions. Negative amount should be indicated by a minus sign.) G C Editing H 4 Sign In 100% Hint

Paste Clipboard A1 1 2 WN FILE 3 5 6 7 8 9 A B 1. Calculate the additional funds needed. HOME Calibri INSERT READY Attempt(s) BIU Font 11 Y Sales last year Profit margin Retention ratio Sheet1 с PAGE LAYOUT A A fxx Y Additional Funds Needed - Excel FORMULAS DATA REVIEW % Alignment Number Conditional Format as Cell Formatting Table Styles Styles D Assets Liabilities and Equity Current assets $2,124,000 Fixed assets 4,200,000 $ VIEW E 10,200,000 30% 20% LL F Suppose that Gyp Sum Industries currently has the balance sheet shown below, and that sales for the year just ended were $10.2 million. The firm also has a profit margin of 30 percent, a retention ratio of 20 percent, and expects sales of $8.2 million next year. I Cells Current liabilities $ 1,707,480 Long-term debt 1,600,000 3,016,520 Equity Total assets $6,324,000 Total liabilities and equity $ 6,324,000 If all assets and current liabilities are expected to shrink with sales, what amount of additional funds will Gyp Sum need from external sources to fund the expected growth? (Enter your answer in dollars not in millions. Negative amount should be indicated by a minus sign.) G C Editing H 4 Sign In 100% Hint

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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X- Paste Clipboard A1 1 2 3 5 6 7 FILE 8 00 9 1. Calculate the additional funds needed. A B HOME Calibri INSERT READY Attempt(s) BIU Font X 11 с Sales last year Profit margin Retention ratio Sheet1 PAGE LAYOUT A A fxx Additional Funds Needed - Excel FORMULAS DATA % Alignment Number D Assets Liabilities and Equity Current assets $ 2,124,000 Fixed assets 4,200,000 REVIEW Conditional Format as Cell Formatting Table Styles Styles $ VIEW E 10,200,000 30% 20% Suppose that Gyp Sum Industries currently has the balance sheet shown below, and that sales for the year just ended were $10.2 million. The firm also has a profit margin of 30 percent, a retention ratio of 20 percent, and expects sales of $8.2 million next year. F Cells Current liabilities $ 1,707,480 Long-term debt 1,600,000 3,016,520 Equity Total assets $ 6,324,000 Total liabilities and equity $6,324,000 If all assets and current liabilities are expected to shrink with sales, what amount of additional funds will Gyp Sum need from external sources to fund the expected growth? (Enter your answer in dollars not in millions. Negative amount should be indicated by a minus sign.) B G Editing H I 2 Sign In I X ▶ + 100% Hint
Transcribed Image Text:X- Paste Clipboard A1 1 2 3 5 6 7 FILE 8 00 9 1. Calculate the additional funds needed. A B HOME Calibri INSERT READY Attempt(s) BIU Font X 11 с Sales last year Profit margin Retention ratio Sheet1 PAGE LAYOUT A A fxx Additional Funds Needed - Excel FORMULAS DATA % Alignment Number D Assets Liabilities and Equity Current assets $ 2,124,000 Fixed assets 4,200,000 REVIEW Conditional Format as Cell Formatting Table Styles Styles $ VIEW E 10,200,000 30% 20% Suppose that Gyp Sum Industries currently has the balance sheet shown below, and that sales for the year just ended were $10.2 million. The firm also has a profit margin of 30 percent, a retention ratio of 20 percent, and expects sales of $8.2 million next year. F Cells Current liabilities $ 1,707,480 Long-term debt 1,600,000 3,016,520 Equity Total assets $ 6,324,000 Total liabilities and equity $6,324,000 If all assets and current liabilities are expected to shrink with sales, what amount of additional funds will Gyp Sum need from external sources to fund the expected growth? (Enter your answer in dollars not in millions. Negative amount should be indicated by a minus sign.) B G Editing H I 2 Sign In I X ▶ + 100% Hint
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