Based on the information below and assuming no new fixed assets are
required, please calculate how much ThanksMate needs to finance a 20 percent
growth in revenue (sales).

ThanksMates Balance Sheet (12.31.2002)

Assets                     Liabilities/Stock. Equity 
Cash            $5,000     Accounts Payable                  $10,000
Receiveables    $20,000    Notes Payable                     $5,000
Inventory       $15,000    Accrued Expenses                  $15,000
 Current Assets $40,000    Current Liabilities              $30,000
Fixed Assets    $50,000    Common Stock                      $40,000
                           Retained Earnings                 $20,000
Total Assets    $90,000     Total Liabilities/Stock. Equity  $90,000


Revenue for 2002 was $150,000. Revenue for 2003 is estimated to
increase 20 percent.
ThanksMate has a 10 percent return on revenue and pays out 20 percent dividends.


You must provide all the working and formulas (preferably with an
explantion / definition) as I would really like to learn to do this
myself.

It is VERY important to me that the answer is ONE HUNDRED PERCENT correct!

Thank you!

What a peculiar question

A Balance Sheet has nothing to do with Sales Revenue 
eg: 
1) Find purchaser for $1m of WMD
2) Find vendor of same, but at $770,000
3) Complete transaction
4) $150,000 turnover is now increased by 20% ($30,000)
No requirements for FINANCE at all (well non visible in the B/S)
This is the 'DeLorean' principle of corporate survival

Thank you for your time frde-ga.

I'm not sure what the point of my question is, but it does seem to be
a peculiar question so I will cancel it for now until I know more.

Thanks again!