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Author Question: ABC Co. is planning its operations for next year, and Ronnie Clayton, the CEO, wants you to forecast ... (Read 57 times)

sreghbsidhgjbndskijgnio

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on: Aug 7, 2023
ABC Co. is planning its operations for next year, and 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$420 Last year’s accounts payable$50
Sales growth rate = g25% Last year’s notes payable (to bank)$80
Last year’s total assets = A0$600 Last year’s accruals$40
Last year’s profit margin = M6% Target payout ratio55%

◦

$105.20


◦

$110.05


◦

$113.33


◦

$118.40

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Marked as best answer by sreghbsidhgjbndskijgnio on Aug 7, 2023

jbsuccess1

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Reply #1 on: Aug 7, 2023
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sreghbsidhgjbndskijgnio

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Reply 2 on: Aug 7, 2023
Excellent

bassamabas

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Reply 3 on: Yesterday
Wow, this really help

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