MARCH 2017 Orchid Berhad is planning to expand their business. Currently the company has sales of RM900,000 and the net income of RM67,500. Orchid Berhad anticipates that their next year’s sales will

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MARCH 2017Orchid Berhad is planning to expand their business. Currently the company has sales ofRM900,000 and the net income of RM67,500. Orchid Berhad anticipates that their nextyear’s sales will be increased by RM540,000. The company pays RM27,000 to theshareholders as dividends. Given below is the Statement of the Financial Position forthe year just ended.

Orchid Berhad

Statement of Financial Position as at December 31, 2016 (in RM)Cash 340,000                                   A/Cs payable 560,000A/Cs receivables 500,000                Long term debt 740,000Inventories 740,000                        Common stock 1,000,000Net fixed assets 1,420,000              Retained earnings 700,000Total assets 3,000,000                     Total liabilities & equities 3,000,000

Assuming the company is operating at full capacity, determine the additionalfinancing needed for Orchid Berhad for the year of 2017 using:a) AFN Model. b) Pro-forma Statement of the Financial Position.

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