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Business, 07.08.2021 01:40 renaudciera

Financial forecasting​) Sambonoza Enterprises projects its sales next year to be ​$ million and expects to earn percent of that amount after taxes. The firm is currently in the process of projecting its financing needs and has made the following assumptions​ (projections): 1. Current assets will equal percent of​ sales, and fixed assets will remain at their current level of ​$ million. 2. Common equity is currently ​$ ​million, and the firm pays out half of its​ after-tax earnings in dividends. 3. The firm has​ short-term payables and trade credit that normally equal percent of​ sales, and it has no​ long-term debt outstanding. What are​ Sambonoza's financing needs for the coming​ year?

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