Forecast of the firm additional funds needed

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A firm is planning for the next year and wants you to provide a forecast of the firm's additional funds needed (AFN). The firm is operating at full capacity. Data for use in your forecast are shown below. Based on the AFN equation, what is the Additional Funds Needed (AFN) for the coming year? Dollars are in millions. Explain what this means to managers. Last year's sales = S0 $350 Last year's accounts payable $40 Sales growth rate = g 30% Last year's notes payable $50 Last year's total assets = A0* $500 Last year's accruals $30 Last year's profit margin = PM 5% Target payout ratio 60%

Reference no: EM131346490

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