What is the afn for the coming year

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Reference no: EM133334007

Problem: Manga Inc. is planning its operations for next year, and 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? (Assume full capacity ) Last year's sales $200,000 Last year's accounts payable $50,000 Sales growth rate 50% Last year's notes payable $15,000 Last year's total assets $160,000 Last year's Bonds Payable $60,000 Last year's profit margin 20.0% Target payout ratio 40.0%. a)? $5,400 b) $6,000 c) $19,000 d) -$7,140

Reference no: EM133334007

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