The company sales forecast to double from 1000 in 2013 to


The company sales forecast to double from $1,000 in 2013 to $2,000 in 2014. Here is the Dec 2013 balance sheet: Cash-$100, accounts receivable-$200, Inventories-$200, Net fixed assets-$500= Total assets-$1,000. Accounts payable-$50, notes payable-$150, Accurals-$50, Long term debt-$400, Common stock-$100, Retained earnings-$250= Total liabilities and equity-$1,000. The fixed assets were used to only 50% of capacity during 2013, but it's current assets were at their proper levels in relation to sales. All assets except fixed assets must increase at the same rate. After tax profit margin is forecasted to be 5%, and payout ratio 60%, What is the AFN for coming year?

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Business Economics: The company sales forecast to double from 1000 in 2013 to
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