De 3 Reading Question 2 Not yet Fantasy Toys Inc. is forecasting its additional funding...
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De 3 Reading Question 2 Not yet Fantasy Toys Inc. is forecasting its additional funding needs for its answered 2021 year. Marked out of 4.00 In 2020 Sales was $200,000, Profit Margin was 5% and Dividend Payout ratio is 60%. Flag The 2020 Balance Sheet was: question $1,000 Accounts payable 2,000 Accruals 19,000 Notes Payable Cash $37,000 ST Investments 3,000 Accts receivable 25,000 Inventory 3,000 Net Fixed Assets 134,000 Total Assets $202,000 60,000 Common Stock 120,000 Retained Earnings $202,000 Total Liabilities & Equity Assume that Fantasy is at full capacity and that Sales for 2021 is forecasted to grow by 5%. The 2021 Dividend payout ratio will be the same as the 2020 dividend payout ratio. Using the AFN equation, what is Fantasy's forecasted AFN for the 2021 year? (Enter numbers and decimal only) $
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