. Upton Computers makes bulk purchases of small computers, stocks them in conveniently located warehouses, ships them to its chain of retail stores, and has a staff to advise customers and help them set up their new computers. Uptons balance sheet as of December 31, 201, is shown in the book. Sales for 2010 were 350 million and net income for the year was 10.5 million, so the firms profit margin was 3%. Upton paid dividends of 4.2 million to common stockholders, so its payout ratio was 40%. Its tax rate is 40%, and it operated at full capacity. Assume that all assets/sales ratios, spontaneous liabilities/sales ratios, the profit margin, and the payout ratio remain constant in 2011.

Ans a. If sales are projected to increase by 70 million, or 20%, during 2011, use the AFN...