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Crum Co's balance sheet and income statement for 2 0 0 7 are given below. The firm expects sales to grow by 5 0 %
Crum Co's balance sheet and income statement
for are given below. The firm expects sales to grow by in All assets, operating costs, and spontaneous liabilities will increase in proportion to
sales. The company plans to finance any additional funds
needed using debt at an interest rate of What is the
company's projected funds needed for Assume
interest expenses are of the beginning of year debt
balance. $
Total assets
b Construct the Year Statement of Cash Flows
for Crum. Please answer accurately and show each step for all separate parts.
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