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a.I In your business, assets, and liabilities have historically varied with sales. Assets are usually 83 percent of sales, and liabilities are usually 45 percent
a.I In your business, assets, and liabilities have historically varied with sales. Assets are usually 83 percent of sales, and liabilities are usually 45 percent of sales. Your sales next year will be $223,000 which represents an increase of $45,000. Your profit margin is 11.08 percent. You anticipate that you will have an 39 owner payout of net profit. Using the percentage of sales method, determine the amount of additional financing or surplus for your business next year. (answer to two decimal places, negative numbers start with -)
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