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Daniel Sawyer, the CEO of the Sawyer Group, in initiating planning for the company's operations next year, and he wants you to forecast the firm's
Daniel Sawyer, the CEO of the Sawyer Group, in initiating planning for the company's operations next year, and he wants you to forecast the firm's additional funds needed (AFN). The firm is operating at full capacity. Data for use in your forecast are shown below. Based on the APN equation, what is the AFN for the coming year? Dollars are in millions Last year's sales So $350 Last year's accounts payable 540 Sales growth rate=8 30% Last year's notes payable $50 Last year's total assets = A 5750 Last year's accruals 530 Last year's profit margin PM 5% Target payout ratio 60M Select the correct answer O #52039 1970 $18.9 hop 95 5 & 7 00 T . u O P 3 H. K L B N. M
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