solve in excel please show all equations used not just the numbers :) Internal financial planners forecast Wooten Sims LLC's sales to increase by 4% next year
Current sales are $562 million
Total operating assets in the current period are 1,200 million ($1.2 billion)
In the current period, short term debt is $75 million, accounts payable is $80 million, and accruals are $100 million
The firm's profit margin is 15% and expected to remain stable
The firm pays out 60% of its earnings each period as dividends
Compute the self-sustaining growth rate for Wooten Sims
What does this growth rate mean? Be sure to mention the AFN in your answer