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Al-Radwan Company achieved the following percentages in the past year Assets /Sales = 1.5 ---- Liabilities Sales = 0.5 Profit margin from sales = 10%,
Al-Radwan Company achieved the following percentages in the past year Assets /Sales = 1.5
---- Liabilities Sales = 0.5 Profit margin from sales = 10%, the profit distribution ratio = 45%, and it amounted of sales Last year, 100 million riyals Assume that the above ratios will remain constant and that all liabilities automatically increase the sales. Required : What is the expected amount of sales so that the company does not seek outside sources of financing?
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