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Find the AFN based on the financial statements Question 3* (AFN) Assume that sales will increase by 10% from current year to next year. Calculate

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Question 3* (AFN) Assume that sales will increase by 10% from current year to next year. Calculate the AFN for next year, based on current year's income statement and balance sheet. (See slides #3 and #4 for financial statement data.) Solution: 118.46 Hint: AFN = (A.ISO)AS . (L.ISO)AS-MS 1)(RR)

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