Clayton industries is planning its operations for next year, Ask an Expert

Finance

Clayton industries is planning its operations for next year, and Ronnie Clayton, 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 this coming year? dollars are in million.

last year's sales=s0 $350

sales growth rate= 30%

last year's total assets= $500

last year's profit margin 5%

last year's accounts payable $40

last year's notes payable (to bank) $50

last year's accruals. $30

Target payout ratio 60%

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92797236

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