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United Fried Chicken Co. reported sales of $775,000 at the end of last year, but this year, sales are expected to grow by 9%. United
United Fried Chicken Co. reported sales of $775,000 at the end of last year, but this year, sales are expected to grow by 9%. United Fried Chicken Co. expects to maintain its current profit margin of 24% and dividend payout ratio of 25%. The following information was taken from United Fried Chicken Co.'s balance sheet: Total assets: $425,000 Accounts payable: $75,000 Notes payable: $30,000 Accrued liabilities: $80,000 Based on the additional funds needed (AFN) equation, the firm's AFN for the past year is
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