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You have been asked to forecast Orwell's additional funds needed (AFN) for next year. Assuming the firm is operating at full capacity and using the
You have been asked to forecast Orwell's additional funds needed (AFN) for next year. Assuming the firm is operating at full capacity and using the data in the table below, forecast Orwell's AFN for the coming year? Last year's sales = S0 $384,000 Last year's accounts payable $40,000 Sales growth (S) $135,000 Last year's notes payable $10,000 Last year's total assets = A0* $143,000 Last year's accruals $10,000 Last year's profit margin = PM 0.75 Target payout ratio 0.7
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