The fund that a company obtains from outside sources is called External financing. The financing needed from outside sources in order to meet the forecasted sale level is called as External Funds Needed (EFN). Here is the online External Funds Needed (EFN) calculator which helps you to calculate the external funds needed based on growth in assets, earnings retained and growth in current liabilities.
Calculate the External Funds Needed (EFN) for growth in assets of 200, earning retained of 20 and growth in current liabilities of 50.
External Funding Needed = 200 - (50 – 20)
= 130 .