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17) (9 points) Kluber Company has current assets of $500,000 and net fixed assets of $2,700,000. The firm expects its sales to climb 10 percent
17) (9 points) Kluber Company has current assets of $500,000 and net fixed assets of $2,700,000. The firm expects its sales to climb 10 percent next year from its current level of $5,000,000 Kluber's only current liability is its accounts payable of $500,000 Assume both current assets and current liabilities will increase proportionately with sales. An increase in net fixed assets of $300,000 will be required. Kluber has a net profit margin of 6 percent. The firm plans to pay $200,000 in dividends. What additional financing will be needed by Klubor next year
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