Question: 3. More on the AFN (Additional Funds Needed) equation Green Moose Industries reported sales of $743,000 at the end of last year, but this year,
3. More on the AFN (Additional Funds Needed) equation Green Moose Industries reported sales of $743,000 at the end of last year, but this year, sales are expected to grow by 10%. Green Moose expects to maintain its current profit margin of 21% and dividend payout ratio of 20%. The following information was taken from Green Moose's balance sheet: Total assets: Accounts payable: Notes payable: Accrued liabilities: $475,000 $60,000 $30,000 $75,000 Based on the AFN equation, the firm's AFN for the current year is -$134,298 $113,637 $129,133 -$134,298 $103,306 A positively signed AFN value represents
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