Suppose the expected growth of net sales for 2023 is 7%, calculate the Edge Corp. Additional Fund Needed (AFN) for 2023 based on the 2022 status quo. Also, please explain the meaning of AFN that you have calculated during 2023 for the firm.

  

 

Translate Use this table to answer this question (All are stated in million dollars) Quantum Balance Sheet Cash and cash equivalents Short-term investment sec. Accounts receivable Total inventories Prepaid expenses TOTAL CURRENT ASSETS Net Property Plants (Net PPE) Other long-term assets TOTAL ASSETS 2022 2021 2,768 2,879 954 1,029 5,321 4,306 7,379 6,384 5,548 4,184 Quantum Balance Sheet Accounts payable Quantum Income Statement Accruals Notes Payables Long-term debt Other borrowings 21,970 18,782 TOTAL LIABILITIES 2022 2022 8,022 2021 9,290 9,981 2021 7,251 8,559 8,472 22,033 21,360 21,293 19,244 Common stock+ paid in Cap 58,134 58,134 21,027 21,091 95,091 90,146 Retained earnings 138,354 128,172 TOTAL LIAB & EQUITY 138,354 128,172 9,867 70,353 66,733 3,305