A firm is planning its operations for next year. Data for use in the forecast...
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Accounting
A firm is planning its operations for next year. Data for use in the forecast are shown below. Based on the EFN equation, what is the required amount?
Last years sales S0 = $350
Sales growth rate g = 30%
Last years total assets A0 = $500
Last years profit margin M = 5%
Last years accounts payable = $40
Last years notes payable to bank = $50
Last years accruals = $30
Target payout ratio = 60%
____
$102.80
$108.20
$113.90
$119.90
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