14) The term "additional funds needed (A additional funds needed (AFN)" is generally defined as follows: Trom routine business transactions. a) Funds that are obtained automatically from routine business tran b) Funds that a firm must raise a firm must raise externally from non-spontaneous sources, i.e., by borrowing or by selling new stock, to support operations. c) The amount of assets required per dollar of sales. d) The amount of internally generated needed to acquire the new assets needed to support growth. A forecasting approach in wh sheet account is held constant. It or internally generated cash in a given year minus the amount of cash asung approach in which the forecasted percentage of sales for each balance 15) Fairchild Garden Supply expects $600 million of sales this year, and it forecasts a 15% increase for next year. The CFO uses this equation to forecast inventory requirements at different levels of sales: Inventories - $30.2 +0.25(Sales). All dollars are in millions. What is the projected inventory turnover ratio for the coming year? $600 mil 2.25 a) 2.76 I56 b) 2.79 c) 2.59 d) 4.05 e) 3.40