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greyant721Lv1
28 Sep 2019
ABC is planning its operations for next year and requires a forecast of the firm's additional funds needed (AFN). The firm is operating at full capacity. Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year? Dollars are in millions. Last year's sales $400 Last year's accounts payable $50 Sales growth rate 35% Last year's notes payable $60 Last year's total assets $550 Last year's accruals $25 Last year's profit margin 10% Target payout ratio 35%
$96.15 $100.5 $115.4 $119.9 $131.15
ABC is planning its operations for next year and requires a forecast of the firm's additional funds needed (AFN). The firm is operating at full capacity. Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year? Dollars are in millions. Last year's sales $400 Last year's accounts payable $50 Sales growth rate 35% Last year's notes payable $60 Last year's total assets $550 Last year's accruals $25 Last year's profit margin 10% Target payout ratio 35%
$96.15 $100.5 $115.4 $119.9 $131.15
Patrina SchowalterLv2
28 Sep 2019