Data for use in your forecast are shown below based on the, Financial Management

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Data for use in your forecast are shown below based on the

De Pere Beer Company is planning its operations for next year, and Betty Brewer, the CEO, wants you to forecast the firms additional funds need (AFN). 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 millons.

sales growth= 30%

sales= $350

spontaneous assets= $500

profit margin= 5%

spontaneous liabilities= 70

payout ratio= 60%

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