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1 your internship with Lewis, Lee, & Taylor Inc. you have been asked to forecast the firm's additional fa ds needed (AFN) fr capacity. Data
1 your internship with Lewis, Lee, & Taylor Inc. you have been asked to forecast the firm's additional fa ds needed (AFN) fr capacity. Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year? t year. The frm is operating at full Last year's sales-So Sales growth rate g $200,000Last year's accounts payable 40%Last year's notes payable 50,000 $15,000 $20,000 25.0)% $135,000Last years accruals 20.0%Target payout ratio Last year's profit margin PM O a.-$14,440 O b.-$17,640 O c.-$16,000 O d.-$16,800 O e.-$15,200
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