Question
Bohemian Manufacturing Company reported sales of $743,000 at the end of last year; but this year, sales are expected to grow by 8%. Bohemianexpects to
Bohemian Manufacturing Company reported sales of $743,000 at the end of last year; but this year, sales are expected to grow by 8%. Bohemianexpects to maintain its current profit margin of 20% and dividend payout ratio of 15%. The firms total assets equaled $425,000 and were operated at full capacity. Bohemians balance sheet shows the following current liabilities: accounts payable of $60,000, notes payable of $40,000, and accrued liabilities of $65,000. Based on the AFN (Additional Funds Needed) equation, what is the firms AFN for the coming year? -$118,036 -$140,519 -$134,898 -$112,415
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