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ABC is planning its operations for next year, and wants to forecast the firm's additional funds needed (AFN). Data for use in the forecast are

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ABC is planning its operations for next year, and wants to forecast the firm's additional funds needed (AFN). Data for use in the 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 = So Sales growth rate = g Last year's total assets = A*o Last year's profit margin = M $700 20% $500 5% Last year's accounts payable Last year's notes payable Last year's accruals Target payout ratio $45 $55 $35 50%

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