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Appalachian Registers, Inc. (ARI) has current sales of $50 million. Sales

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  • Post Date 2019-07-16T16:46:00+00:00
  • Post Category Coursework Queries

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Appalachian Registers, Inc. (ARI) has current sales of $50 million. Sales

Appalachian Registers, Inc. (ARI) has current sales of $50 million. Sales


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 mil- lion; 
  • 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 View complete question » 10. 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 mil- lion, 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. Earnings after taxes next year are 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 is required by ARI next  year?


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