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QUESTION 32 Your firm recorded sales for the most recent year of $12 million generated from an asset base of $8 million, producing a $700,000
QUESTION 32 Your firm recorded sales for the most recent year of $12 million generated from an asset base of $8 million, producing a $700,000 net income. Sales are projected to grow at 25%, causing spontaneous liabilities to increase by $500,000. In the most recent year, $100,000 was paid out as dividends, and the current payout ratio will continue in the upcoming years. What is your firm's AFN? 
in the upcoming years. Whit is your Firmis AFN
QUESTION 32 Your firm recorded sales for the most recent year of $12 million generated from an asset base of $8 million, producing a $700,000 net income. Sales are projected to grow at 25%, causing spontaneous liabilities to increase by $500,000. In the most recent year, $100,000 was paid out as dividends, and the current payout ratio will continue in the upcoming years. What is your firm's AFN?
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