What is the total amount of additional funding which the firm plans to take on in the year 2020?FIN401 - Ch.12 ProblemsProblem 12-9: Garlington TechS24 VariantBalance SheetCashReceivablesInventoryTotal Current AssetsNet Fixed AssetsTotal AssetsAccounts PayableLine of CreditAccrualsTotal Current LiabilitiesLong-term BondsCommon StockRetained EarningsTotal Liabilities & EquityAFN (external)Cumulative AFNIncome StatementFinalProjection12/31/201912/31/2020160,000.00184,000360,000.00387,000720,000.00828,0001,240,000.001,399,0004,000,000.00 4,600,0005,240,000.00 5,999,000360,000.00414,000148,954.27200,000.00230,000560,000.00792,9541,000,000.001,000,0001,100,000.00 1,248,9542,580,000.00 2,957,0915,240,000.00 5,999,0000.00297,908.55FinalProjection12/31/2019 12/31/2020SalesOperating Costs4,000,000.00 4,600,000.003,200,000.00 3,680,000.00EBITInterestEBT800,000.00 920,000.00120,000.00 137,874.51680,000.00 782,125.49Taxes (25)Net Income170,000.00 195,531.37510,000.00 586,594.12O a. 580,045.72O b. 5,999,000O c. 377,091.45O d. 526,045.72e. 729,000

I have the correct answer to the given question. The Correct answer is Option D.

Answered: What is the total amount of additional…

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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