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Assets Liabilities and stockholders equity Cash $10.00 Accounts payable $18 Accounts receivable 32 Accrued wages 7 Inventory 33 Accrued taxes 11 Current assets $75 Current
Assets | Liabilities and stockholders equity | |||
Cash | $10.00 | Accounts payable | $18 | |
Accounts receivable | 32 | Accrued wages | 7 | |
Inventory | 33 | Accrued taxes | 11 | |
Current assets | $75 | Current liabilities | $36 | |
Fixed assets | 43 | Notes payable | 14 | |
Common stock | 17 | |||
Retained earnings | 51 | |||
Total assets | $118 | Total liabilities and stockholders' equity | $118 |
Owen's Electronics has an aftertax profit margin of 9 percent and a dividend payout ratio of 50 percent. If sales grow by 25 percent next year, determine how many dollars of new funds are needed to finance the growth.
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