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Manal Elkhoshkhany
Manal Elkhoshkhany , Tutor
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Using the AFN formula approach, calculate the total assets

Customer Question

Using the AFN formula approach, calculate the total assets of Johnson Company given the following information: Sales this year = $3,000; increase in sales projected for next year = 20%; net income this year $250; dividend payout ratio = 40%; projected excess funds available next year =$100; accounts payable = $600; notes payable = $100; and accrued wages and taxes = $200. Except for the accounts noted, there were no other current liabilities. Assume that the firm's profit margin remains constant and that the company is operating at full capacity.
Submitted: 7 years ago.
Category: Finance
Expert:  Manal Elkhoshkhany replied 7 years ago.

Hello and welcome to Just Answer

 

Please click here for the solution

 

Regards,

 

 

P.S. If you like my work, please feel free to direct your future posts to me specifically by typing "For BusinessTutor" at the beginning of your post.

Manal Elkhoshkhany and other Finance Specialists are ready to help you
Customer: replied 7 years ago.
Well done! THANK YOU!
Expert:  Manal Elkhoshkhany replied 7 years ago.

You are WELCOME Laughing

 

Looking forward to work with you again soon

 

Take care

Customer: replied 7 years ago.
Answered quickly and accraute!! Well Done!
Expert:  Manal Elkhoshkhany replied 7 years ago.

Thank you :)

 

I saw that you have posted another question but have addressed it to Amol. If he couldn't help, please advise me & I will help you

 

By the way, which textbook are you using: Title, author's name, and edition?

 

Thanks

Customer: replied 7 years ago.

 

Please feel free to answer.

 

Textbook:

Brigham, E.F, & Ehrhardt, M.C., Financial Management: Theory & Practice.

12th Edition

 

Expert:  Manal Elkhoshkhany replied 7 years ago.

Sure, but please request that on your other post because right now it is addressed to Amol so I cannot answer it

 

Thanks

Customer: replied 7 years ago.
answered