Calculate the afn

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Reference no: EM13272028

ABC had assets of $15 million last year; sales were $18 million; liabilities plus accruals that increased spontaneously with sales was 8% of assets; net income was $275,000 of which $120,000 was paid out in the form of dividends.

Assuming that sales growth is expected to be 20% this year, calculate the AFN.

 

Reference no: EM13272028

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