How to arrive at the solution below for this pratice problem?Solution: -22,037,756.82
Assuming the firm is operating at only 50% capacity and usingthe data in the table below, forecast Orwell's AFN for the comingyear? Last year's sales = S0 $136,000 Last year's accounts payable$40,000 Sales growth (ΔS) $9,000 Last year's notes payable $10,000Last year's total assets = A0* $248,000 Last year's accruals$10,000 Last year's profit margin = PM 0.03 Target payout ratio0
