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Growth rate in sales (g)=20%; Sales (S0)=1000 million Profit margin (M)=5% Assets (A0)=800 million Payout ratio (POR)=30% Spontaneous liabilities (L0)=80 million What is the AFN?

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Growth rate in sales (g)=20%; Sales (S0)=1000 million Profit margin (M)=5% Assets (A0)=800 million Payout ratio (POR)=30% Spontaneous liabilities (L0)=80 million What is the AFN? 95 million 102 million 110 million 85 million

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