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What is the AFN for the coming year

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Reference no: EM132841424

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Q1. A stock was trading at $2 per share before its recent 1-for-4 reverse stock split. The 1-for-4 reverse split led to a 5% increase in the stock price. What was the stock price after the reverse stock split?

$7.6

$8.0

$8.4

$0.525

Q2. You are going to forecast a firm's additional funds needed (AFN). The firm is operating at full capacity. Data for use in your forecast are shown below. Last year's sales (S0) = $350 million; Sales growth rate (g) = 30%; Last year's total assets (A0*) = $500 million; Last year's profit margin (PM) = 5%; Last year's accounts payable=$40 million; Last year's notes payable=$50 million; Last year's accruals = $30 million; Target payout ratio= 60%. Based on the AFN equation, what is the AFN for the coming year?

a. $102.8

b. $108.2

c. $113.9

d. $119.9

Reference no: EM132841424

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