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Carlton Corporation's sales are expected to increase from $10 million in 2018 to $11 million in 2019, or by 11%. Its assets totaled $3 million

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Carlton Corporation's sales are expected to increase from \$10 million in 2018 to $11 million in 2019, or by 11%. Its assets totaled $3 million at the end of 2018 . Cariton is at full capacity, 50 its assets must grow in proportion to projected sales. At the end of 2018, current liabilities are $1 million, consisting of $250,000 of accounts payable, $500,000 of notes payable, and $250,000 of accrued liabilities. Its profit margin is forecasted to be 10%, and the forecasted retention ratio is 50%. Forecast the additional funds Carlsbad will need for the coming year

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