Answer:
EFN: 9817.65
Explanation:
[tex]EFN = \frac{assets}{sales} \times d/sales \\-\frac{liabilities}{sales} \times d/sales \\- $profit margin x projected sales x (1-d)[/tex]
Assets 429,600
sales 387200
projected sales 433664
increase in sales 46464
laibilities 33322
profit margin 0.149
dividends 0.416
First part: 51,552.00
Second part: - 3,998.64
Third part: - 3,7735.71
EFN: 9817.65