FUND. OF FINANCIAL MGMT (LL)--W/ACCESS
FUND. OF FINANCIAL MGMT (LL)--W/ACCESS
9th Edition
ISBN: 9781337948982
Author: Brigham
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Chapter 16, Problem 3P

AFN EQUATION Refer to problem 16-1 and assume that the company had $3 million in assets at the end of 2016. However, now assume that the company pays no dividends. Under these assumptions, what additional funds would be needed for the coming year? Why is this AFN different from the one you found in problem 16-1?

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