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Given the following information, please determine the AFN for the next year ASSETS LIABILITIES A/P Cash $50,000 A/R $150,000 Inv. $200,000 NFA $400,000 Total Assets
Given the following information, please determine the AFN for the next year ASSETS LIABILITIES A/P Cash $50,000 A/R $150,000 Inv. $200,000 NFA $400,000 Total Assets $800,000 Accruals LTD Com Stk Ret Earn Tot L&OE $150,000 $50,000 $200,000 $250,000 $150,000 $800,000 Net Income = $80,000 Current Year Sales = $1,000,000 Next year's sales expected to increase 15% Corporate Policy of paying 50% of Net income in dividends Firm operating at 100% capacity | AFN=
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