A firm forecasts sales of 750,000 with spontaneous account percentages of :
Cash 11%
A/R
8%
Inventory 13%
A/P 14%
PPE 210,000
The company has long term debt of 120,000 and equity of 85,000
It estimates profits at 55,000, What is the DFN?
Answer :85,000
I know that DFN=Assets-Liabilities-Equity
Please help
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