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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 firtni's
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 firtni'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 AlN for the coming year? Dollars are in millions. Last year's sales - So $350 Last year's accounts payable $40 Sales growth rate & 30% Last year's notes payable $50 Last year's total assets - Ao* $580 Last year's accruals $30 60M Last year's profit margin - PM 5% Target payout ratio Select the correct answer, a $1383 b. 51439 c. $146.7 O d. 5149,5 e 51523
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