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Cash 1 AP 2 Receivables 15 NP 11 Inv 11 LOC 0 Total CA 27 Acc 5 NFA 24 Total CL 18 Total Assets 51 Long-term Debt 12 Common stock 15 RE 6 Total L + CE 51 Given the above balance sheet and the below...

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Finance

Cash1AP2
Receivables15NP11
Inv11LOC0
Total CA27Acc5
NFA24Total CL18
Total Assets51Long-term Debt12
Common stock15
RE6
Total L + CE51
Given theabove balance sheet and the below info, determine the AFN.
CurrentSales100
Net income5
Sales Growth   15%
Dividends1

Answer & Explanation Solved by verified expert
3.6 Ratings (640 Votes)
Additional Funds Needed AFN is calculated using the belowformula1whereA0 current level of assets In our case A0 51 Here we assume that the plant is operating at full capacityand that each asset item grows    See Answer
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