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08-8 The McGill Company's sales are forecasted to increase from $1,000 in 2015 to $2,000 in 2016. Following is the December 31, 2015, balance sheet

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08-8 The McGill Company's sales are forecasted to increase from $1,000 in 2015 to $2,000 in 2016. Following is the December 31, 2015, balance sheet Accounts payable Notes payable $ 50 $ 100 Cash 200 Accounts receivable 150 Accruals 200 50 Inventories Current liabilities $ 250 $ 500 Current assets Long-term debt Common stock Retained earnings Total liabilities and equity 400 500 Net fixed assets 100 2.50 $1,000 $1,000 Total assets McGill's fixed assets were used to only 50 percent of capacity during 2015, but its current assets were maintained at their appropriate levels. All assets except fixed assets increase at the same rate as sales, and fixed assets would also increase capacity did not exist. McGill's after-tax profit margin is forecasted to be 5 percent, and its dividend payout ratio (percet as dividends) will be 60 percent. What is McGill's AFN for the boxt at the same rate if the current excess Satny of earnings paid ear? Ignore financing feedback effects

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