Afn company generates 20 million in sales during 2013 and


AFN: company generates 2.0 million in sales during 2013 and its yearend total assets were 1.3 million. Also yearend 2013 current liabilities were 1.0 million consisting of 300.000 notes payable, 500,000 accounts payable and 200,000 accruals looking ahead 2014 company assets will increase at the same rate spontaneous liabilities will increase at the same rate as sales profit margin will be 6% and payout 50%. How large a sales increase can company achieve without having to raise funds externally? That is what self-supporting growth rate is? Sales increase by ? And that is by what percentage?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Afn company generates 20 million in sales during 2013 and
Reference No:- TGS0984566

Expected delivery within 24 Hours