help with Finance home work

[perry07601]

I have several homework for Fin that is due tomorrow. I do not understand any of them. here is one, please help :?:


Appalachian Registers, Inc. (ARI) has current sales of $50 million. Sales are
expected to grow to $75 million next year. ARI currently has accounts
receivable of $10 million, inventories of $15 million, and net fixed assets of
$20 million. These assets are expected to grow at the same rate as sales over
the next year. Accounts payable are expected to increase from their current
level of $10 million to a new level of $13 million next year. ARI wants to
increase its cash balance at the end of next year by $2 million over its current
cash balances, which average $4 million. Net income next year is forecasted to
be $10 million. Next year, ARI plans to pay dividends of $1 million, up from
"$500,000 this year. ARI’s marginal tax rate is 34 percent. How much external
financing does ARI require next year?"

 

[Deleted member 4993]

I have several homework for Fin that is due tomorrow. I do not understand any of them. here is one, please help :?:


Appalachian Registers, Inc. (ARI) has current sales of $50 million. Sales are
expected to grow to $75 million next year. ARI currently has accounts
receivable of $10 million, inventories of $15 million, and net fixed assets of
$20 million. These assets are expected to grow at the same rate as sales over
the next year. Accounts payable are expected to increase from their current
level of $10 million to a new level of $13 million next year. ARI wants to
increase its cash balance at the end of next year by $2 million over its current
cash balances, which average $4 million. Net income next year is forecasted to
be $10 million. Next year, ARI plans to pay dividends of $1 million, up from
"$500,000 this year. ARI’s marginal tax rate is 34 percent. How much external
financing does ARI require next year?"

These are standard book-keeping problems. If you use google properly - you might even find solutions floating around.

Please share with us your work and exactly where you are stuck - so that we know where to begin to help you.

To start with, make sure you know the definitions of all the relevant financial terms. Beyond that it is simple addition/subtraction.