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Question 10 4 points Save Answer You are going to forecast a firm's additional funds needed (AFN). The firm is operating at full capacity. Data
Question 10 4 points Save Answer You are going to forecast a firm's additional funds needed (AFN). The firm is operating at full capacity. Data for use in your forecast are shown below. Last year's sales (SO) = $350 million Sales growth rate (g) = 30%, Last year's total assets (AO") = $500 million; Last year's profit margin (PM) = 5%; Last year's accounts payable=540 million, Last year's notes payable=$50 million, Last year's accruals = $30 million; Target payout ratio= 60%. Based on the AFN equation, what is the AFN for the coming year? $102.8 $108.2 $113.9 $119.9
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