The questions are multiple choice pick the correct answer.

Daniel Sawyer, the CEO of the Sawyer Group, is initiating planning for the company's operations next year, and he wants you to forecast the firm's additional funds needed (AFN). The firm is operating at full capacity. Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year? Dollars are in millions. Last year's sales = So Sales growth rate = g $350 Last year's accounts payable 30% Last year's notes payable Last year's total assets = Ao*$830 Last year's accruals $40 $50 $30 Last year's profit margin PM 5% Target payout ratio 60% Select the correct answer. a. $209.0 b.$225.5 C. $212.3 d. $218.9 e. $215.6 In your internship with Lewis, Lee,&Taylor Inc. you have been asked to forecast the firm's additional funds needed (AFN) for next year. The firm is operating at full capacity. Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year? Last year's sales = So $200,000 Last year's accounts payable 40% Last year's notes payable $125,000 Last year's accruals $50,000 Sales growth rate = g $15,000 Last year's total assets Ao* Last year's profit margin PM $20,000 20.0% Target payout ratio 25.0% Select the correct answer. a.-$20,000 b.-$20,090 C.-$19,940 d.-$20,030 e. - $20,060 Weber Interstate Paving Co. had $450 million of sales and $225 million of fixed assets last year, so its FA/Sales ratio was 50%. However, its fixed assets were used at only 45% of capacity. If the company had been able to sell off enough of its fixed assets at book value so that it was operating at full capacity, with sales held constant at $450 million, how much cash (in millions) would it have generated? Select the correct answer. a. $123.75 b. $129.30 C. $120.05 d. $127.45 e. $125.60