Xy company generated 2 million id in sales during 2015 and, Ask an Expert

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XY Company generated 2 million ID. in sales during 2015, and its year -end total assets were 1.5 million ID Also. At year-end 20 15. current liabilities were 500000 ID, consisting of 200000ID of notes payable 200000ID of accounts payable, and 100000ID, of accrued liabilities, looking ahead to 2016 the company estimates that its assets. must increase by .75 for every 1.00 ID, increase in sale XY's profit margin is 5%. And its retention ratio is 40%. How large of a sales increase ?

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Financial Management, Finance

Category:- Financial Management
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