Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. in your internship with lewis, leo, & taylor i

In your internship with Lewis, Leo, & Taylor Ine you have been asked to forecast...

80.2K

Verified Solution

Question

Finance

image
In your internship with Lewis, Leo, & Taylor Ine you have been asked to forecast the firm's additional funds needed (AFN) for next year. The firm is operating at full capacity. Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year? Last year's sales = 50 $200,000 Last year's accounts payable $50,000 Sales growth rate=8 Last year's notes payable $15.000 Last year's total assets = A0* $122,500 Last year's accruals Last year's profit margin = PM 20.0% Target payout ratio Select the correct answer. 4096 $20.000 25.0% 3. $21.000 b. 520,970 C. - 520,910 d. - 521.060 e. - 520.940

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students