How much external financing will the firm have to seek?, Ask an Expert

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Q. 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. 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.:- M9402771

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