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A company has a profit margin of 18% and a dividend payout ratio of 36%. Last year's sales were $76,500 and total assets were $51,875.
A company has a profit margin of 18% and a dividend payout ratio of 36%. Last year's sales were $76,500 and total assets were $51,875. None of the liabilities vary directly with sales, but assets and expenses do. If the sales growth rate is 23%, how much external financing is needed? $1,092 $1,119 $1,146 $1,173 $1,201
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