(Answered) Galehouse gas stations inc expects sales to increase from

Accounting

Galehouse Gas Stations Inc. expects sales to increase from $1,740,000 to $1,940,000 next year. Mr. Galehouse believes that net assets (Assets - Liabilities) will represent 75 percent of sales. His firm has an 11 percent return on sales and pays 35 percent of profits out as dividends.

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