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Part 5: Forecasting and Capital Structure 10. You've been asked to use the following historical sales information to forecast next year's sales for Worldwide Widget

image text in transcribed Part 5: Forecasting and Capital Structure 10. You've been asked to use the following historical sales information to forecast next year's sales for Worldwide Widget Manufacturing, Inc. The actual sales for 2020 were $1,950,000. What would be next year's forecast using the nalve approach and the average sales approach? What would be the MAPE using the nalve approach and the average sales approach? 11. After adding a new line of widgets, Worldwide Widget Manufacturing, Inc., expects all assets and current liabilities to shrink with sales. The company has sales for the year just ended of $20 million. The company also has a profit margin of 20 percent, a return ratio of 25 percent, and expected sales of $18 million next year. Worldwide Widget Manufacturing, Inc., shows the following on its balance sheet. What amount of additional funds (AFN) will Worldwide Widget Manufacturing, Inc., need from external sources to fund the expected growth? What does the AFN show

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