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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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