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1. NT has sales of $19,700, net income of $3,517, fixed assets of $18,282, current liabilities of $2,940, current assets of $3,018, long-term debt of
1. NT has sales of $19,700, net income of $3,517, fixed assets of $18,282, current liabilities of $2,940, current assets of $3,018, long-term debt of $7,600, and equity of $10,760. Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 60 percent dividend payout ratio. The firm is currently operating at full capacity and next year's sales are projected to increase by 13 percent. Long-term debt is the plug variable. Using the information provided above for NT, calculate: A. Projected sales B. Projected net income C. Addition to retained earnings D. Projected retained earnings E. Projected current assets F. Projected total assets G. Projected total equity H. Projected current liabilities I. Additional debt required J. Projected long-term debt
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