WorldTrans Industries is planning its operations for next year. The CEO, wants you to forecast the firm's additional funds needed (AFN). Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year? Dollars are in millions. Last year's sales = S0 $350 Last yr's accounts payable $40 Sales growth rate = g 30% Last yr's notes payable $50 Last year's total assets = A0* $460 Last yr's accruals $30 Last year's prof margin = PM 5% Target payout ratio 60% Group of answer choices $87.4 $120.8 $90.6 $124.1 $107.9
WorldTrans Industries is planning its operations for next year. The CEO, wants you to forecast the firm's additional funds needed (AFN). Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year? Dollars are in millions. Last year's sales = S0 $350 Last yr's accounts payable $40 Sales growth rate = g 30% Last yr's notes payable $50 Last year's total assets = A0* $460 Last yr's accruals $30 Last year's prof margin = PM 5% Target payout ratio 60% Group of answer choices $87.4 $120.8 $90.6 $124.1 $107.9
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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WorldTrans Industries is planning its operations for next year. The CEO, wants you to forecast the firm's additional funds needed (AFN). Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year? Dollars are in millions.
| Last year's sales = S0 |
$350 |
Last yr's accounts payable |
$40 |
|
| Sales growth rate = g |
30% |
Last yr's notes payable |
$50 |
|
| Last year's total assets = A0* |
$460 |
Last yr's accruals |
$30 |
|
| Last year's prof margin = PM |
5% |
Target payout ratio |
60% |
Group of answer choices
$87.4
$120.8
$90.6
$124.1
$107.9
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