Question: Fuzzy Button Clothing Company generated $ 5 0 0 , 0 0 0 net income on sales of $ 1 4 , 0 0 0

Fuzzy Button Clothing Company generated $500,000 net income on sales of $14,000,000. The firm expects sales to increase by 15% this coming year
and also expects to maintain its long-run dividend payout ratio of 40%.
Suppose Fuzzy Button Clothing Company's assets are fully utilized. Use the additional funds needed (AFN) equation to determine the increase in total
According to the AFN equation and projections for Fuzzy Button Clothing Company, the firm's AFN is
Fuzzy Button Clothing Company generated $ 5 0 0 ,

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