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Clayton Industries is planning its operations for next year. Omer Clayton, the CEO, wants you to forecast the firm's additional funds needed ( AFN )
Clayton Industries is planning its operations for next year. Omer Clayton, 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? Dollars are in millions. Do not round intermediate calculations.
Last year's sales S $ Last yrs accounts payable $
Sales growth rate g Last yrs notes payable $
Last year's total assets A $ Last yrs accruals $
Last year's prof margin PM Target payout ratio
a $ million
b $ million
c $ million
d $ million
e $ million
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