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Use the information below to forecast the additional funds needed (AFN). Dollars are in millions. Last year's sales = S0 $500 Sales growth rate =

Use the information below to forecast the additional funds needed (AFN). Dollars are in millions.

Last year's sales = S0

$500

Sales growth rate = g

20%

Last year's total assets = A0*

$1000

Last year's profit margin = PM

5%

Last year's accounts payable

$80

Last year's notes payable

$60

Last year's accruals

$50

Target payout ratio

40%

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