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Using the AFN formula approach, calculate the total assets

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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.

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Customer: replied 7 years ago.
Well done! THANK YOU!

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!

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?



Customer: replied 7 years ago.


Please feel free to answer.



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

12th Edition


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



Customer: replied 7 years ago.

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