Find the AFN based on the financial statements ...
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Accounting
Find the AFN based on the financial statements
Question 3* (AFN) Assume that sales will increase by 10% from current year to next year. Calculate the AFN for next year, based on current year's income statement and balance sheet. (See slides #3 and #4 for financial statement data.) Solution: 118.46 Hint: AFN = (A.ISO)AS . (L.ISO)AS-MS 1)(RR)
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