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Ch 17-Assignment. Financial Planning and Forecasting Fuzry Button Clothing Company reported sales of $743,000 at the end of tast year, but this year, sales are

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Ch 17-Assignment. Financial Planning and Forecasting Fuzry Button Clothing Company reported sales of $743,000 at the end of tast year, but this year, sales are expected to grow by 8%. Furzy Button expects to maintain its current profit margin of 24% and dividend payout ratio of 15%. The following information was taken from Fuzzy Button's balance sheet: Based on the AFN equation, the firm's AFN for the current year is A positively signed AFN value represents: A shortage of internally generated funds that must be raised outside the company to finance the company's forecasted future growth. A surplus of internally penerated funds that can be invested in physical or financial assets or paid out as additional dividends. A point at which the funds generated within the firm equal the demands for funds to finance the firm's future expected sales requirements. Because of its excess funds, Fuzzy Button Clothing Company is thinking about raising its dividend payout ratio to satisty shareholders. Fuzzy Button could pay out of its carnings to shareholders without needing to raise any external capital. (Hint: What can Fuzzy Button increase its dividend payout ratio to before the AFN becomes positive? Ch 17-Assignment. Financial Planning and Forecasting Fuzry Button Clothing Company reported sales of $743,000 at the end of tast year, but this year, sales are expected to grow by 8%. Furzy Button expects to maintain its current profit margin of 24% and dividend payout ratio of 15%. The following information was taken from Fuzzy Button's balance sheet: Based on the AFN equation, the firm's AFN for the current year is A positively signed AFN value represents: A shortage of internally generated funds that must be raised outside the company to finance the company's forecasted future growth. A surplus of internally penerated funds that can be invested in physical or financial assets or paid out as additional dividends. A point at which the funds generated within the firm equal the demands for funds to finance the firm's future expected sales requirements

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