Microsoft Word - Sample Final Exam 4 - With Answers Highlighted

Assuming that Greeene Company expects sales in 2010 to grow by 40%, that all assets and spontaneous liabilities (i.e., accounts payable and accruals) will grow as a percent of sales, that the net profit margin in 2010 will be equal to the net profit margin in 2009, and that the dividend payout ratio in 2010 will be 30%, compute Outside Funds Needed (OFN) for 2010