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7. Problem 17.00 (Long Term Financing Needed) Problem Wall.Through A vecend 2021. totalt for Arrington Inc. were 15 milion and accounts payable were 3315.000 sales

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7. Problem 17.00 (Long Term Financing Needed) Problem Wall.Through A vecend 2021. totalt for Arrington Inc. were 15 milion and accounts payable were 3315.000 sales which 2021 were $3.00 milion, we pected to increase 30% in 2022. Tout and accounts payable are proportional to sales, and that relationship will be maintained that they will grow at the same rate as a Arrington typically urrent les other than accounts payable common stock amounted to 5465,000 in 2021, and retained earnings were 1250,000. Arrington plans to sell new common stock in tre amount of $50,000. The fwa profa marginal 1945 of earnings will be retained . Wote Argentot tante in 2017 wite out your answer completely. For example, 25 million should be entered 25,000,000. Hound your awer to the How much new long term det financing will be needed in 2022) LAN New stock New long term debit) Write out your answer comety. For crampe, 25 million shared as 25,000,000. Do not round termediate actions Hund your answer to the east cont

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