Question: The most important step in forecasting Additional Financing Nooded is the Sales forecast Select one: o True False meson 2 Fantasy Toys Inc is forecasting

The most important step in forecasting Additional Financing Nooded is the Sales forecast Select one: o True False meson 2 Fantasy Toys Inc is forecasting its additional funding needs for its 2021 year In 2020 Sales was $200,000. Profit Margin was 5% and Dividend Payout ratio is 80% The 2020 Balance Shoot was of 51,000 Accounts payable $37.000 ST Investments 2.000 Accruals 3.000 Adreceivable 19,000 Notes Payable 25,000 Inventory 80,000 Common Stock 3.000 Not Foxed Assets 120.000 Retained Earnings 134000 Total Assets 5202.000 Total Liabilities & Equity 5202.000 Assume that Fantasy is a full capacity and that Salon for 2021 is forecasted to grow by 5% The 2021 Dividend payout ratio will be the same as the 2020 dividend payout ratio Using the AFN equation what is Fantasy's forecasted AFN for the 2021 year? (Enter numbers and decimal only)

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