Green Moose Industries reported sales of $743,000 at the end of last year; but this year, sales are expected to grow by 9%. Green Moose expects to maintain its current profit margin of 24% and dividend payout ratio of 30%. The firm’s total assets equaled $475,000 and were operated at full capacity. Green Moose’s balance sheet shows the following current liabilities: accounts payable of $60,000, notes payable of $40,000, and accrued liabilities of $80,000. Based on the AFN (Additional Funds Needed) equation, what is the firm’s AFN for the coming year?

Answer rating: 100% (QA)

Answer to Part 1 Additional Fund Needed Projected Increase in Assets Spontaneous Increase in Liabili... View the full answer