4. Winter Snowboard Inc. sales are expected to increase 10% in 2019 from $15 million in 2018. Its assets at the end of 2018 were $5 million. The company is at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2018, current liabilities were $2.0 million, consisting of $400,000 of accounts payable, $1,000,000 of notes payable, and $600,000 of accruals. The after-tax profit margin is forecasted to be 4%, and the forecasted payout margin is 60%. What are the additional funds needed in 2019?
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Home » Business » 4. Winter Snowboard Inc. sales are expected to increase 10% in 2019 from $15 million in 2018. Its assets at the end of 2018 were $5 million. The company is at full capacity, so its assets must grow at the same rate as projected sales.