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3. Assume that Jones Corporation from problem 2 above is expecting sales to increase by $200,000 in 2009. Due to the fact that they are

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3. Assume that Jones Corporation from problem 2 above is expecting sales to increase by $200,000 in 2009. Due to the fact that they are a retail chain all assets vary directly with sales. Accounts Payable also varies directly with sales. If the profit margin in 2009 is 15% and the dividend payout ratio is 60%, how much will Jones need in required new funds

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