Forecast Orwell's additional funds needed (AFN) for next year. Assuming the firm is operating at full capacity and using the data in the table below, forecast Orwell's AFN for the coming year? Last year's sales = S0 $365,000 Last year's accounts payable $40,000 Sales growth (ΔS) $31,000 Last year's notes payable $10,000 Last year's total assets = A0* $203,000 Last year's accruals $10,000 Last year's profit margin = PM 0.75 Target payout ratio 0.6
Forecast Orwell's additional funds needed (AFN) for next year. Assuming the firm is operating at full capacity and using the data in the table below, forecast Orwell's AFN for the coming year? Last year's sales = S0 $365,000 Last year's accounts payable $40,000 Sales growth (ΔS) $31,000 Last year's notes payable $10,000 Last year's total assets = A0* $203,000 Last year's accruals $10,000 Last year's profit margin = PM 0.75 Target payout ratio 0.6
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Last year's sales = S0 |
$365,000 |
Last year's accounts payable |
$40,000 |
Sales growth (ΔS) |
$31,000 |
Last year's notes payable |
$10,000 |
Last year's total assets = A0* |
$203,000 |
Last year's accruals |
$10,000 |
Last year's profit margin = PM |
0.75 |
Target payout ratio |
0.6 |
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