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expects its sales next year to be $2,000,000. Inventory and accounts receivable will increase $430,000 to accommodate this sales level. The
company has a steady profit margin of 12 percent with a 25 percent dividend payout. Explain how much external financing will the firm have to seek? Assume there is no increase in liabilities other than that which will occur with the external financing.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9403310

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