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Consider the following simplified financial statements for the Yoo Corporation (assuming no income taxes): The company has predicted a sales increase of 14 percent. Assume
Consider the following simplified financial statements for the Yoo Corporation (assuming no income taxes): The company has predicted a sales increase of 14 percent. Assume Yoo pays out half of net income in the form of a cash dividend. Costs and assets vary with sales, but debt and equity do not. Prepare the pro forma statements. What is the external financing needed
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