Philip morris expects the sales for his clothing company to, Ask an Expert

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Philip Morris expects the sales for his clothing company to be $630,000 next year. Philip notes that net assets (Assets? Liabilities) will remain unchanged. His clothing firm will enjoy a 10 percent return on total sales. He will start the year with $230,000 in the bank.

What would Philip's ending cash balance be?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91261261

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