Question: Granada is planning its operations for next year. The CEO, wants you to forecast the firm's additional funds needed (AFN). Data for use in your

Granada is planning its operations for next year. The CEO, wants you to forecast the firm's additional funds needed (AFN). Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year?

Last yr's sales = S0 $319 Last yr's accounts payable $36

Sales growth rate = g 26% Last yr's notes payable $49

Last yr's total assets = A0* $503 Last yr's accruals $27

Last yr's prof margin = PM 7% Target payout ratio 52%

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