Chachagogo, Inc. is planning its operations for next year, and 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 year’s sales P200,000 Last year's accounts payable P50,000 Sales growth rate 40% Last year's notes payable P25,000 Last year’s current assets P65,000 Last year's accruals P20,000 Last year’s noncurrent assets
Chachagogo, Inc. is planning its operations for next year, and the CEO wants you to
Last year’s sales P200,000 Last year's accounts payable P50,000
Sales growth rate 40% Last year's notes payable P25,000
Last year’s current assets P65,000 Last year's accruals P20,000
Last year’s noncurrent assets P70,000 Target plowback ratio 75.0%
Last year’s profit margin 20.0%
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