ff1 In your internship with Lewis, Lee, & Taylor Inc. you have been asked to forecast the firm's additional funds needed (AFN) for next year. The firm is operating at fullcapacity. 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 = SoSales growth rate = gLast year's total assets = A0*Last year's profit margin = PMSelect the correct answer.O a. - $6,940O b. - $7,000O c. $7,090O d. - $7,060O e. - $7,030$200,00040%$157,50020.0%Last year's accounts payableLast year's notes payableLast year's accrualsTarget payout ratio$50,000$15,000$20,00025.0%

To maintain growth in sales we need to increase assets in proportion and hence to do that more money…

your internship with Lewis, Lee, & Taylor Inc. you have been asked to forecast the firm's additional funds needed (AFN) for next year. The fir acity. Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year? st year's sales So es growth rate=g st year's total assets = Ao* st year's profit margin = PM ect the correct answer. a. - $6,940 $200,000 40% $157,500 20.0% Last year's accounts payable Last year's notes payable Last year's accruals Target payout ratio $50,000 $15,000 $20,000 25.0%

your internship with Lewis, Lee, & Taylor Inc. you have been asked to forecast the firm's additional funds needed (AFN) for next year. The fir acity. Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year? st year's sales So es growth rate=g st year's total assets = Ao* st year's profit margin = PM ect the correct answer. a. - $6,940 $200,000 40% $157,500 20.0% Last year's accounts payable Last year's notes payable Last year's accruals Target payout ratio $50,000 $15,000 $20,000 25.0%

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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Question

ff1

In your internship with Lewis, Lee, & Taylor 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. Based on the AFN equation, what is the AFN for the coming year?
Last year's sales = So
Sales growth rate = g
Last year's total assets = A0*
Last year's profit margin = PM
Select the correct answer.
O a. - $6,940
O b. - $7,000
O c. $7,090
O d. - $7,060
O e. - $7,030
$200,000
40%
$157,500
20.0%
Last year's accounts payable
Last year's notes payable
Last year's accruals
Target payout ratio
$50,000
$15,000
$20,000
25.0%

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In your internship with Lewis, Lee, & Taylor 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. Based on the AFN equation, what is the AFN for the coming year? Last year's sales = S0 $200,000 Last year's accounts payable $50,000 Sales growth rate = g 40% Last year's notes payable $15,000 Last year's total assets = A0* $125,000 Last year's accruals $20,000 Last year's profit margin = PM 20.0% Target payout ratio 25.0% Select the correct answer. a. - $19,980 b. - $20,000 c. - $20,020 d. - $20,010 e. - $20,030
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