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)