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Corn Dog Corp expects net income next year to be $603,000. Inventory and accounts receivable will have to be increased by $308,000 to accommodate this

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Corn Dog Corp expects net income next year to be $603,000. Inventory and accounts receivable will have to be increased by $308,000 to accommodate this sales level. Corn Dog will pay dividends of $394,000. How much external financing will Corn Dog need assuming no organically generated increase in liabilities? Multiple Choice 0 $99,000 $119,000 $79,000 $210,000

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