question archive More on the AFN (Additional Funds Needed) equation Green Caterpillar Garden Supplies Inc
More on the AFN (Additional Funds Needed) equation Green Caterpillar Garden Supplies Inc
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More on the AFN (Additional Funds Needed) equation
Green Caterpillar Garden Supplies Inc. reported sales of $775,000 at the end of last year, but this year, sales are expected to grow by 10%. Green Caterpillar expects to maintain its current profit margin of 21% and dividend payout ratio of 30%. The following information was taken from Green Caterpillar’s balance sheet:
| Total assets: | $425,000 |
| Accounts payable: | $80,000 |
| Notes payable: | $35,000 |
| Accrued liabilities: | $65,000 |
Based on the AFN equation, the firm’s AFN for the current year is ________________?
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