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39. A company is preparing a pro forma balance sheet. The forecast calls for $15 million in projected sales. The projected cash needed 5% of
39. A company is preparing a pro forma balance sheet. The forecast calls for $15 million in projected sales. The projected cash needed 5% of sales, accounts receivable are 20% of sales, and PP&E is 50% of sales. Accounts payable is 15% of sales, and Long-Term debt is $2 million. Total shareholders equity is $4 million. What is the discretionary financing needed?
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