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A-Z 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
A-Z 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 So $350 Last yr's accounts payable $40 Sales growth rate=8 30% Last yr's notes payable $50 Last year's total assets - A 5360 Last yr's accruals Last year's prof margin 5% Target payout ratio $30 60% OOOO PM 1.563,9 572 0.567.0
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