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xClayton Industries is planning its operations for next year. Ronnie Clayton, the CEO, wants you to forecast the firm's additional funds needed (AFN). Data for
xClayton Industries is planning its operations for next year. Ronnie Clayton, 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 = S0$350Last yr's accountspayable$40
Sales growth rate =g30%Last yr's notespayable$50
Last year's total assets = A0*$360Last yr'saccruals$30
Last year's prof margin =PM5%Target payoutratio60%
$67.0
$78.7
$63.9
$77.9
$91.1
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