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Ashley corporation is considering the following expansion project: For any new sales increases, working capital will be added in the year prior to that year's
Ashley corporation is considering the following expansion project: For any new sales increases, working capital will be added in the year prior to that year's sales. Working capital will need to be held at 10% of sales
Projected sales in year 1 is $200,000. Sales will increase 10% per year for the next 3 years. How much Working capital will be added at the end of year 1?
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