2. More on the AFN (Additional Funds Needed) equation Green Moose Industries reported sales of $775,000...
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2. More on the AFN (Additional Funds Needed) equation Green Moose Industries reported sales of $775,000 at the end of last year; but this year, sales are expected to grow by 7%. Green Moose expects to maintain its current profit margin of 20% and dividend payout ratio of 10%. The firm's total assets equaled $425,000 and were operated at full capacity. Green Moose's balance sheet shows the following current liabilities: accounts payable of $70,000, notes payable of $30,000, and accrued liabilities of $80,000. Based on the AFN (Additional Funds Needed) equation, what is the firm's AFN for the coming year? O -$123,514 -$136,516 -$130,015 -$143,016 2. More on the AFN (Additional Funds Needed) equation Green Moose Industries reported sales of $775,000 at the end of last year; but this year, sales are expected to grow by 7%. Green Moose expects to maintain its current profit margin of 20% and dividend payout ratio of 10%. The firm's total assets equaled $425,000 and were operated at full capacity. Green Moose's balance sheet shows the following current liabilities: accounts payable of $70,000, notes payable of $30,000, and accrued liabilities of $80,000. Based on the AFN (Additional Funds Needed) equation, what is the firm's AFN for the coming year? O -$123,514 -$136,516 -$130,015 -$143,016
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