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After adding a new line of widgets, Worldwide Widget Manufacturing, Inc., expects all assets and current liabilities to shrink with sales. The company has sales
After adding a new line of widgets, Worldwide Widget Manufacturing, Inc., expects all assets and current liabilities to shrink with sales. The company has sales for the year just ended of $ million. The company also has a profit margin of percent, a return ratio of percent, and expected sales of $ million next year. Worldwide Widget Manufacturing, Inc., shows the following on its balance sheet.
Assets Liabilities and Equity
Current assets $ Current liabilities $
Fixed assets $ Longterm debt $
Equity $
Total assets $ Total liabilities and equity $
What amount of additional funds AFN will Worldwide Widget Manufacturing, Inc., need from external sources to fund the expected growth? What does the AFN show?
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