Genatron Manufacturing expects its sales to increase by 10 percent in 2016. Estimate the firms external financing

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Genatron Manufacturing expects its sales to increase by 10 percent in 2016. Estimate the firm’s external financing needs by using the percent-of-sales method for the 2017 data. Assume that no excess capacity exists and that one-half of the 2017 net income will be retained in the business.

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