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B Box Company's balance sheet showed the following amounts as of December 31st: Accounts payable $ 10 $ 15 Cash Accruals Accounts receivable 40 5
B Box Company's balance sheet showed the following amounts as of December 31st: Accounts payable $ 10 $ 15 Cash Accruals Accounts receivable 40 5 Notes payable Long-term debt Common stock Inventory Net fixed assets 50 20 100 20 20 Retained earnings Total liabilities and equity 120 Total assets $200 $200 the firm's sales were $2,000, and it had a profit margin of 10 percent and a dividend payout ratio of Last year 50 percent. B Box operated its fixed assets at 80 percent of capacity during the year. The company expects to increase next year's sales by 37.5 percent, to $2,750, but the profit margin is expected to fall to 3 percent, and the dividend payout ratio is expected to rise to 60 percent. What is B Box's additional funds needed (AFN) for next year
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