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Waters Corp. is planning its operations for next year, they hired you to forecast the firm's additional funds needed (AFN). The firm is operating at
Waters Corp. is planning its operations for next year, they hired you to forecast the firm's additional funds needed (AFN). The firm is operating at full capacity. Data for use in your forecast are shown below. What is the AFN for the coming year?
Last years sales = $600m
Last years liability = $119m
Last years equity = $119m
Sales growth rate = 2%
Last years total assets = $1000m
Last years profit margin = 3%
Target dividend payout ratio = 50%
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