Green Moose Industries reported sales of $743,000 at the end of last year; but this year, sales
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Green Moose Industries reported sales of $743,000 at the end of last year; but this year, sales are expected to grow by 9%. Green Moose expects to maintain its current profit margin of 24% and dividend payout ratio of 30%. The firm’s total assets equaled $475,000 and were operated at full capacity. Green Moose’s balance sheet shows the following current liabilities: accounts payable of $60,000, notes payable of $40,000, and accrued liabilities of $80,000. Based on the AFN (Additional Funds Needed) equation, what is the firm’s AFN for the coming year?
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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