Antivirus Inc. expects its sales next year to be $3,500,000. Inventory and accounts receivable will increase $580,000

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Antivirus Inc. expects its sales next year to be $3,500,000. Inventory and accounts receivable will increase $580,000 to accommodate this sales level. The company has a steady profit margin of 10 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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Foundations Of Financial Management

ISBN: 9781264097623

18th Edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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