calculate the companys AFN for 2020

round to 1 decimal place

QUESTION 7 Use the following items to calculate the company's AFN for 2020. Assume sales are expected to increase to 5550 in 2020 (10% increase) and that all income statement items, assets, and current liabilities change proportionally with sales. Equity only changes by addition to retained earnings. The dividend payout rate is 60% 100 2019 Income Statement Sales 500 Costs 400 EBIT Int. Exp. 60 EBT 40 Taxes 10 Net Income 30 * T QUESTION 7 The following items to calculate the company's AFN for 2020. Assumes and current liabilities change proportionally with sales. Equity only 2019 Income Statement Sales 500 Costs 400 EBIT 100 Int. Exp. 60 EBT 40 Taxes 10 Net Income 30 2019 Balance Sheet Current Assets Fixed Assets Total Assets 100 200 300 Current Liabilities Long-term Debt Total Equity Total Liab. & Equity SO 150 100 300 Round your final answer to 1 decimal place AFN (a) Type here to search ot Total Liab. & Equity 300 D. Round your final answer to 1 decimal place AFN [a]