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External Funding Needed:

Robin Manufacturing Company has projected a sales growth rate of15% for the upcoming year. The pro forma balance sheet created based on this growth rate shows that total assets are $4,300,0 and the total liabilities and owner's equity are $3,950,0. This indicates that the amount of external funding the company needs is: a. $4,300,0 b. $3,950,0 c. $350,0 d. $8,250,0

Budgeting Financial Reporting Financial Accounting Financial Analysis Management
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Question added by Anayatullah Tahir , Finance Manager , Etqan Projects
Date Posted: 2014/03/23
Upvote (0) Views (11) Followers (0) Answers (2) Report Question
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Shafiulla Mohammad
by Shafiulla Mohammad , Customer Service Adviser , University of Bedfordshire

The answer is 'C' (350).

Muhammad Zubair
by Muhammad Zubair , CFO / Chief Accountant , RH Group

c. $350,0

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