Trump inc has the following key account balances as of jan, Ask an Expert

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Trump INC has the following key account balances as of Jan 1, 2017 (beg of year)

total assets $1million

accounts payable $60000

accured expenses $20,000

in addition net sales for 2017 are expected to be $2,080,000 which is an increase from 2016 $480,000 and Trump expects to pay out dividends at a payout ratio of 10%

Using the additional funds needed formula what is the AFN needed to fund the 2017 growth for Trump.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92706681

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