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additional funds needed 17-10 Following are Noso Textile's 2009 financial statements. a. Suppose 2010 sales are projected to increase by 15 percent over 2009 sales.
additional funds needed 17-10 Following are Noso Textile's 2009 financial statements. a. Suppose 2010 sales are projected to increase by 15 percent over 2009 sales. Determine the additional funds needed. Assume that the company was operating at full capacity in 2009, that it cannot sell off any of its fixed assets, and that any required financing will be borrowed as notes payable. Also, assume that assets, spontaneous liabilities, and operating costs are expected to increase by the same percentage as sales. Use the
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