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WorldTrans Industries is planning its operations for next year. The CEO, wants you to forecast the firm's additional funds needed (AFN). Data for use in

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WorldTrans Industries is planning its operations for next year. 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? Dollars are in millions Last year's sales - So $350 Last yr's accounts payable $40 Sales growth rates 30% Last yr's notes payable $50 Last year's total assets - A $460 Last yr's accruals $30 Last year's prof margin - PM 5% Target payout ratio 60%

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