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A firm had the following balance sheet last year: Cash $ 800 Accounts payable Accounts receivable 450 Accrued vages Inventory 950 Notes payable Net fixed

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A firm had the following balance sheet last year: Cash $ 800 Accounts payable Accounts receivable 450 Accrued vages Inventory 950 Notes payable Net fixed assets 34,000 Mortgage Cormon stock Retained earnings Total liebilities Total assets $36.200 and equity $ 350 150 2,000 26,500 3,200 4,000 $36,200 Sales to triple from $10,000 to $30,000 increasing net income to $1,000. No additional fixed assets will be needed. The firm pays a 20% dividend. (1) Will any outside capital be needed? (2) If so, how much? Select one: O A. Yes: $9,700 OB. Yes: $2,600 O c. Yes: $2,900 OD. No, there will be a $2.400 surplus, E. Yes $3,200

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