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Canozan Inc. is planning its operations for next year, and the CEO wants you to forecast the firm's additional funds needed (AFN). Data for use

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Canozan Inc. is planning its operations for next year, and the CEO wants you to forecast the firm's additional funds needed (AFN). Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year? Last yr's sales $800,000 $150,000 Last yr's accounts payable 40% Last yr's notes payable $35,000 Sales growth rate(expected) Last yr's total assets $2,000,000 Last year's accruals $200,000 Expected profit margin 5.0% 25.0% Target dividend payout ratio $720,000 $42,000 $660,000 $618,000

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