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APT security's sales are expected to increse forn R4mil in 2009 to R5mil at the end of 2009.APT is at full capacity, so its assets must grow at the...

APT security's sales are expected to increse forn R4mil in 2009 to R5mil at the end of 2009.APT is at full capacity, so its assets must grow at the same rate as projected sales.At the end of 2009 current liabilities were R800 000,consisting of R200 000 of accounts payable,R400 000 of notes payable and R200 000 of accruals. The after tax-profit margin is forecasted to be 5% and the forecast payout is 60%.Use AFN formula to forecast APT security's additional funds needed fo the coming year?

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