What is the afn for the coming year

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Reference no: EM13285396

Falcon Toot Industries is planning its operations for next year, and Robbie Starksdale, the CEO, wants you to forecast the firm's External funds needed (EFN). Data for use in your forecast are shown below. What is the AFN for the coming year? Dollars are in millions.

Last year's sales $3000 Last year's accounts payable $180
Sales growth rate 8% Last year's notes payable $350
Last year's total assets $1950 Last year's accruals $30
Last year's net profit margin 1.003% Target payout ratio 40%

All necessary data are provided above. Other data are either unavailable or deemed unnecessary for the analysis. Use only data provided to perform analysis. You may make any reasonable assumptions if necessary to complete the analysis. In each case, you must state the assumption you make and provide a brief explanation to defend the assumption.

Reference no: EM13285396

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