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Daniel Sawyer, the CEO of the Sawyer Group, is initiating planning for the company's operations next year, and he wants you to forecast the firm's

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Daniel Sawyer, the CEO of the Sawyer Group, is 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 AFN equation what is the AFN for the coming year? Dollars are in milions $350 $40 3096 $50 Last year's sales=50 Sales growth rate Last year's total assets A0" Last year's profit margin = PM Last year's accounts payable Last year's notes payable Last year's accruals Target payout ratio $500 $30 5% 6096 S1028 S1082 51139 S1199 $1259

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