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A company has a profit margin of 19% and a dividend payout ratio of 37%. Last year's sales were $78,750 and total assets were $53,400.
A company has a profit margin of 19% and a dividend payout ratio of 37%. Last year's sales were $78,750 and total assets were $53,400. None of the liabilities vary directly with sales, but assets and expenses do. If the sales growth rate is 22%, how much external financing is needed?
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