Back to Assignment Attempts: Keep the Highest: 12 2. Problem 16.02 Click here to read the eBook: The AFN Equation AFN EQUATION Carlsbad Corporation's sales are expected to increase from $5 million in 2016 to $6 million in 2017, or by 20%. Its assets totaled $5 capacity, so its assets must grow in proportion to projected sales. At the end of 2016, current liabilities are $1 million, consisting of $ payable, and $250,000 of accrued liabilities. Its profit margin is forecasted to be 4%, and the forecasted retention ratio is 25%. Use t additional funds needed for the coming year. Write out your answer completely. For example, 5 million should be entered as 5,000,00 Now assume the company's assets totaled $3 million at the end of 2016. Is the company's capital intensity" the same or different com -Select- Grade it Now Save & Continue Continue without saving APN EQUATION Carlsbad Corporati's sales are expected to increase from $5 million in 2016 to 36 million in 2017, or by 204, its assets totaled $5 million at the end of 2016. Cartabdis capacity, so its assets must grow in proportion to projected sales. At the end of 2016, current liabilities are $1 million, consisting of $250.000 of accounts payable, 5500,000 of notes payable, and $250,000 of accrued liabilities. Its profit margin is forecasted to be 4%, and the forecasted retention ratio is 25%. Use the AFN equation to forecast Caribe additional funds needed for the coming year. Write out your answer completely. For example, 5 milion should be entered as 5,000,000. Round your answer to the nearest cont $ Now assume the company's assets totaled $3 million at the end of 2016. Is the company's capital intensity the same or different comparing to initial situation? Grade it Now Save & Continue Continue without saving MacBook Air Financial Planning and Forecasting Keep the Highest: /2 AFN Equation expected to increase from $5 million in 2016 to $6 million in 2017, or by 20%. Its assets totaled $5 million at the end of 2016. Carlsbad is at full in proportion to projected sales. At the end of 2016, current liabilities are $1 million, consisting of $250,000 of accounts payable, $500,000 of notes ed liabilities. Its profit margin is forecasted to be 4%, and the forecasted retention ratio is 25%. Use the AFN equation to forecast Carlsbad's coming year. Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round your answer to the nearest cent. ets totaled $3 million at the end of 2016. Is the company's "capital Intensity" the same or different comparing to initial situation? Grade it Now Save & Continue Continue without saving