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Based on Jim's expectation of 10.3% sales growth and payout ratio of 88.62% of net income next year, Jim developed the pro forma financial statements
Based on Jim's expectation of 10.3% sales growth and payout ratio of 88.62% of net income next year, Jim developed the pro forma financial statements given below. What will be the amount of net new financing needed for Jim's Espresso? Click the icon to view the pro forma financial statements. (Select from the drop-down menu.) The total new financing will be $. (Round to the nearest dollar.) Statements
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