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What is the afn for the coming year for clayton industries

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Reference no: EM132802559

Problem 1: Clayton Industries is planning its operations for next year, and Ronnie Clayton, the CEO, wants you to forecast the firm's additional funds needed (AFN). Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year? Pesos are in millions.

Last yr's sales = S0             P350
Sales growth rate = g           30%
Last yr's total assets = A*0   P580
Last yr's prof margin = M        5%
Last yr's accounts payable      P40
Last yr's notes payable          P50
Last yr's accruals                   P30
Target payout ratio              60%

Choices:

option 1: P139.6

option 2: P130.9

option 3: P143.9

option 4: P120.9

Reference no: EM132802559

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