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Alter Inc. plans to grow sales at a 10% annual rate in 2021. Interest expense in 2021 is expected to remain at $3,000. Assuming that

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Alter Inc. plans to grow sales at a 10% annual rate in 2021. Interest expense in 2021 is expected to remain at $3,000. Assuming that income statement and balance sheet relationships to sales are unchanged and that the tax rate is 20%. Based on the growth rate in sales, what is your estimate of assets at the end of 2021 ? Above $170,000 Between $160,001 and 165,000 Between $165,001 and 170,000 Less than $160,000

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