In your internship with Johnny Come Lately Inc. you have been asked to forecast the firm's additional funds needed (AFN)

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In Your Internship With Johnny Come Lately Inc You Have Been Asked To Forecast The Firm S Additional Funds Needed Afn 1 (468.7 KiB) Viewed 38 times

In your internship with Johnny Come Lately Inc. 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. The assets and spontaneous liabilities are expected to grow at the same rate as sales. What is the AFN for the coming year? Last year's sales = $300,000 Last year's accounts payable $50,000 Sales growth rate = 40% Last year's notes payable $15,000 Last wear's total assets $200,000 Last year's accruals $20,000 Last year's profit margin 20.0% Dividend payout ratio 50.0%