Business, 17.12.2019 05:31, fatherbamboo

Beasley industries' sales are expected to increase from $4 million in 2019 to $5 million in 2020, or by 25%. its assets totaled $2 million at the end of 2019. beasley is at full capacity, so its assets must grow in proportion to projected sales. at the end of 2019, current liabilities are $760,000, consisting of $120,000 of accounts payable, $400,000 of notes payable, and $240,000 of accrued liabilities. its profit margin is forecasted to be 4%, and its dividend payout ratio is 70%. using the afn equation, forecast the additional funds beasley will need for the coming year. do not round intermediate calculations. round your answer to the nearest dollar.

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Beasley industries' sales are expected to increase from $4 million in 2019 to $5 million in 2020, or...