APX Co achieved a revenue of $16 million in the year that has just ended and expects revenue growth of 8.4% in the next year.
The financial statements of APX Co for the year that has just ended contain the following statement of financial position:

The long-term bank loan has a fixed annual interest rate of 8% per year. APX Co pays taxation at an annual rate of 30% per year.
The following accounting ratios have been forecast for the next year:
Gross profit margin:              30%
Operating profit margin:         20%
Dividend payout ratio:            50%
Inventory turnover period:      110 days
Trade receivables period:       65 days
Trade payables period:          75 days
Overdraft interest in the next year is forecast to be $140,000. No change is expected in the level of non-current assets and depreciation should be ignored.