Refer to Problem 9-1. What would be the additional funds needed if the company's year-end 2012 assets

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Refer to Problem 9-1. What would be the additional funds needed if the company's year-end 2012 assets had been $7 million? Assume that all other numbers, including sales, are the same as in Problem 9-1 and that the company is operating at full capacity. Why is this AFN different from the one you found in Problem 9-1? Is the company's "capital intensity" ratio the same or different?

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Intermediate Financial Management

ISBN: 978-1111530266

11th edition

Authors: Eugene F. Brigham, Phillip R. Daves

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