A company’s financial position during 2003 was as follows: Sales = Rs 30,000 Assets = Rs 20,000 Bills payable = Rs 2,000 Profit = Rs 1,500 Retention ratio = 50% Find out the additional fund...

A company’s financial position during 2003 was as follows:

Sales = Rs 30,000

Assets = Rs 20,000

Bills payable = Rs 2,000

Profit = Rs 1,500

Retention ratio = 50%

Find out the additional fund requirement during 2004 if sales are expected to increase by 10%.