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What is the afn for the coming year-columbia industries

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Columbia Industries is planning its operations for next year, and Merle Smith, the CEO, wants you to forecast the firm's additional funds needed (AFN). The firm is operating at full capacity. Data for use in your forecast are show below. Based on the AFN equation, what is the AFN for the coming year? Dollars are in millions.

Last year's sales = S0 $700 Last year's accounts payable $80

Sales growth rate = g 30% Last year's notes payable $100

Last year's total assets = A0* $1000 Last year's accruals $60

Last year's profit margin = PM 5% Target payout ratio 60%

Please show me how to get to the answer.

Reference no: EM132685102

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