Use the following financial data to calculate AFN: Assets and cost are proportional to sales. Debt is

Question:

Use the following financial data to calculate AFN:

Assets and cost are proportional to sales. Debt is not. A dividend of 341 will be paid next year. Next year sales are projected to be $920.
Use the data in the problem above but use the Pro Forma method tocalculate.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...