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Assume that current sales is $1 million, that current assets are $2 million, total assets are $9 million and that capacity is 50%. How much
Assume that current sales is $1 million, that current assets are $2 million, total assets are $9 million and that capacity is 50%. How much will assets need to be if sales are projected to increase to $1.25 million? A. $1.05 million B. $0.5 million C. $1.35 million D. $0.85 million E. Not enough information What is AFNEFN if the total assets is equal to $25 million, the Current Liabilities is $1 million, the long-term debt is $12.5 million and the owner's equity is projected to be $11.25 million? A. $1.05 million B. $0.25 million C.-$0.25 million D. -$1.55 million E. Not enough information If EFN/AFN is a negative number, what does that mean? A. The firm doesn't have enough money to pay for all the assets it needs. B. The firm has just enough money to pay for all the assets it needs. C.The firm has more than enough money to pay for what it needs. D.None of the above
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