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)