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
Related questions
Question
H6.
Java Company is planning its operations for next year, and as its CFO, you will need to
Last year’s sales = $415 Last year’s accounts payable = $50
Sales growth rate = 30% Last year’s notes payable = $50
Last year’s total assets = $595 Last year’s accruals = $30
Last year’s profit margin = 5.31% Target payout ratio = 60%
Your company is operating at full capacity. Based on the AFN formula and the Percentage of Sales method, what is the AFN for the coming year?
Group of answer choices
$142.20
$141.36
$143.04
$144.53
$145.38
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