Janakpur Textile Company's balance sheet is given below: Balance Sheet as of December 31, 2023CashRs. 200,000Accounts payableRs. 200,000Account receivable350,000Accruals100,000Inventory450,000Notes…

Janakpur Textile Company's balance sheet is given below:

Balance Sheet as of December 31, 2023CashRs. 200,000Accounts payableRs. 200,000Account receivable350,000Accruals100,000Inventory450,000Notes payable300,000Total current assetsRs. 1,000,000Total current liabilitiesRs. 600,000Net fixed assets2,000,000Common stock1,500,000Retained earnings900,000Total assetsRs. 3,000,000Total liabilities and equityRs. 3,000,000 Sales are expected to increase from Rs. 10,000,000 in 2023 to Rs.15,000,000 in 2024. Firm's after-tax profit margin is forecasted to be 10 percent and its dividend payout ratio will be 70 percent. .

a. What is the firm's additional fund needed for the year 2024 if company is running at full capacity? Use AFN equation. b. Prepare Janakpur Textile Company's pro-forma balance sheet of as of December 31, 2024