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Please show all calculations and steps Howton & Howton Worldwide (HHW) is planning its operations for the coming year, and the CEO wants you to
Please show all calculations and steps
Howton & Howton Worldwide (HHW) is planning its operations for the coming year, and the CEO wants you to forecast the firm's additional funds needed (AFN). Data for use in the forecast are shown below. Based on the AFN equation, what is the AFN for the coming year?
Last years sales=$300.0
Last years accounts payable=$50.0
Projected sales growth=$120.0
Last years notes payable=$15.0
Last years total assets=$500.0
Last years accruals=$20.0
Last years net income=$60.0
Retention rate=90.0%
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