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How to arrive at the solution below for this pratice problem? Solution: -22,037,756.82 Assuming the firm is...

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How to arrive at the solution below for this pratice problem?Solution: -22,037,756.82

Assuming the firm is operating at only 50% capacity and usingthe data in the table below, forecast Orwell's AFN for the comingyear? Last year's sales = S0 $136,000 Last year's accounts payable$40,000 Sales growth (ΔS) $9,000 Last year's notes payable $10,000Last year's total assets = A0* $248,000 Last year's accruals$10,000 Last year's profit margin = PM 0.03 Target payout ratio0

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3.7 Ratings (406 Votes)
AFN means Additional Funds Nedded It focus on the funds needed for new assets to generate needed increase in sales AFN Projected Increase in Assets Projected    See Answer
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