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Outlaws Is a General Goods Retail Chain in the High

Question 77

Multiple Choice

Outlaws is a general goods retail chain in the High Plains region. Use the equation approach and Outlaws financial information for Year 6 to calculate additional funds needed (AFN) in Year 7. Selected Financial Statement Values and Ratios
Outlaws Inc. As of December 31, Year 6 ($ millions)
 Total Assets $14,700 Fixed Assets 9,637 Assets that Change with Sales 14,022 Total Revenues (Year 6)  29,210 Total Revenues (Year 7)  30,817 Change in Revenues 1,607 Total Liabilities 8,419 Liabilities that Change with  Sales 3,651 Profit Margin 2.15% Dividend Payout Ratio 0%\begin{array} { | c | c | } \hline \text { Total Assets } & \$ 14,700 \\\hline \text { Fixed Assets } & 9,637 \\\hline \text { Assets that Change with Sales } & 14,022 \\\hline \text { Total Revenues (Year 6) } & 29,210 \\\hline \text { Total Revenues (Year 7) } & 30,817 \\\hline \text { Change in Revenues } & 1,607 \\\hline \text { Total Liabilities } & 8,419 \\\hline \begin{array} { c } \text { Liabilities that Change with } \\\text { Sales }\end{array} & 3,651 \\\hline \text { Profit Margin } & 2.15 \% \\\hline \text { Dividend Payout Ratio } & 0 \% \\\hline\end{array}


A) -$381 million
B) -$290 million
C) -$91 million
D) $127 million
E) $189 million

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