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Chua Chang & Wu Inc. is planning its operations for next year, and the CEO wants you to forecast the firm's additional funds needed (AFN).

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Chua Chang & Wu Inc. is planning its operations for next year, and the CEO wants you to forecast the firm's additional funds needed (AFN). Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year? Last year's sales - So $200,000 Last year's accounts $50,000 payable Sales growth rate - 8 Last year's notes payable $15,000 Last year's total assets A 5127.500 Last year's accruals $20,000 Last year's profit margin - PM 20.09 Target payout ratio 25.096 404 0923.10 b. 519.000 ...21,280 514390 $20,520

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