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A firm expects current sales of $70,000 to grow by 12% next year. The firm has total assets of $60,000, divided into current assets of

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A firm expects current sales of $70,000 to grow by 12% next year. The firm has total assets of $60,000, divided into current assets of $20,000 and fixed assets of $40,000. Under the percentage of sales method, by how much are total assets expected to increase next year? $8,400 $10,200 $9,000 $7,200 $11,400

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