9.7 EFN Application

EFN Application

You are given the following income statement and balance sheet. Solve the question listed at the bottom of this page.If Sales are projected to grow to $2,500, what is the additional amount of funds needed (“EFN”) to finance the growth in sales?

 

Balance Sheet for “TC Corp”

As of Fiscal Year Ending 12.31.20XX

($ Millions)

 

Income Statement for “TC Corp”

For Year Ending 12.31.20XX

($Millions)

 

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Introduction to Financial Analysis Copyright © 2022 by Kenneth S. Bigel is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.

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