4. Clayton Industries is planning its operations for next year. Ronnie Clayton, the CEO, wants you to

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4. Clayton Industries is planning its operations for next year. Ronnie Clayton, the CEO, wants you to forecast the firm's additional funds needed (AFN). 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 2 30 Sales growth rate = g Last year's total assets = A0* Last year's profit margin 2 PM new?!\" $102.8 $108.2 $113.9 $119.9 $125.9 $350 30% $500 5% Last year's accounts payable $40 Last year's notes payable $50 Last year's accruals $30 Target payout ratio 60%

Posted Date: Jun 27, 2024 07:35 PM

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4. Clayton Industries is planning its operations for next year. Ronnie Clayton, the CEO, wants you to

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