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Question 1 Cash 1 AP 2 Receivables 15 NP 11 Inv 11 LOC 0 Total CA 27 Acc 5 Total CL 18 NFA 24 Long-term

Question 1

Cash 1 AP 2

Receivables 15 NP 11

Inv 11 LOC 0

Total CA 27 Acc 5

Total CL 18

NFA 24 Long-term Debt 12

Common stock 15

RE 6

Total Assets 51 Total L + CE 51

Given the above balance sheet and the below info, determine the AFN?

CurrentSales 100

Net income 5

Sales Growth 15%

Dividends 1

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