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2) Allen Products has the following balance sheet for December 31, 2020. Fixed and current assets are fully utilized and will grow in lines with

image text in transcribed 2) Allen Products has the following balance sheet for December 31, 2020. Fixed and current assets are fully utilized and will grow in lines with sales, and the sales/assets and sales/spontaneous liabilities ratios will remain constant. Depreciation expens will be $1,000 for 2021. If the firm requires additional funding, they will do that through their line of credit. Produce their pro forma and determine how much will they need to borrow (if any)? (50 points)

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