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  3. a firm has the following balance sheet: $ 10 cash

A firm has the following balance sheet: $ 10 Cash $ 50 Accounts payable Accounts...

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Finance

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A firm has the following balance sheet: $ 10 Cash $ 50 Accounts payable Accounts receivable 70 Notes payable Inventory 80 Long-term debt 60 80 Fixed assets 100 Common stock 120 Retained earnings -30 Total liabilities Total assets $300 and equity $300 Sales for the year just ended were $400, and fixed assets were used at 80 percent of capacity, but its current assets were at optimal levels. Sales are expected to grow by 10 percent next year, the profit margin is 5 percent, and the dividend payout ratio is 60 percent. How much additional funds (AFN) will be needed

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