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20. Mary?s Motors, which is currently operating at full capacity, has sales of $29,000, current assets of $1,600, current liabilities of Si ,200, net fixed
20. Mary?s Motors, which is currently operating at full capacity, has sales of $29,000, current assets of $1,600, current liabilities of Si ,200, net fixed assets of $27,500. and a 5% profit margin. The firm has no long-term debt and does not plan on acquiring any. The firm does not pay any dividends. Sales are expected to increase by 4.5 percent next year. If all assets, short-term liabilities, and costs vary directly with sales, how much additional equity financing is required for next year? a. -$259.75 b. -$967.30 e. $967.30 d. $1,099.08 e. $1,515.25
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