Problem: A corporation established projected sales at $210 million. It is using its current year balance sheet as a basis for creating a pro forma balance sheet. They estimate cash will be 7% of projected sales, accounts receivable will be 19% of projected sales, and the PP&E will be 55% of the projected sales. Accounts payable are estimated to be 12% of projected sales. Owner's equity is $34 million. Long term debt is $90 million. Additionally, the firm raised $12.9 million of equity capital.
Required: What is the amount of discretionary financing needed? What is the mathematical equation used to get the answer?
If you too study this course in your academic curriculum, then Discretionary Financing Assignment Help service is the best option to excel your academic grades.
Tags: Discretionary Financing Assignment Help, Discretionary Financing Homework Help, Discretionary Financing Coursework, Discretionary Financing Solved Assignments