Question: Last year sales for Syvester s Electrical Inc was 3 million

Last year sales for Syvester’s Electrical Inc., was $3 million and were supported by $2 million investment in assets. The sales produced a net income of $460,000.The company had fixed assets of $900,000 Account payable of $90,000, notes payable of 260,000 and accrued liabilities of $100,000. The company is projecting a 15% growth rate and the company paid $142,600 in dividends. What is the AFN?

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  • CreatedJuly 26, 2013
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