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Calculate the External Finance Needed (EFN) for Colvan Corporation that had the following financial information for 2020. Sales projection for 2021 is $4,800. Costs,
Calculate the External Finance Needed (EFN) for Colvan Corporation that had the following financial information for 2020. Sales projection for 2021 is $4,800. Costs, Short Term Debt and Assets vary with sales. Long term debt does not vary with sales. Dividend payments are 30%. (5 marks) Sales Assets Net Income Short Term Debt Costs Long Term Debt Equity $4,200 $4,600 $ 600 $ 692 $3,600 $ 840 $3,068
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
6th edition
1305968352, 978-1337635653, 978-1305968356
