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Call Doug manufacturing Inc. reported sales of $820,000 at the end of last year; but this year, sales are expected to grow by 8%. Cold
Call Doug manufacturing Inc. reported sales of $820,000 at the end of last year; but this year, sales are expected to grow by 8%. Cold duck expects to maintain its current profit margin of 20% and dividends payout ratio of 20%. The firms total assets equaled $475,000 and were operated at full capacity. Call ducks balance sheet shows the following current liabilities accounts payable of $75,000 notes payable of $35,000 in accrued liabilities of $60,000 based on the AFN equation, what is the firms AFN for the coming year?
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