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En Lilly sales for his nursery and plant company is $560.000. Ell's net assets (assets - liabilities) will be at 50 percent of sales. His

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En Lilly sales for his nursery and plant company is $560.000. Ell's net assets (assets - liabilities) will be at 50 percent of sales. His firm will enjoy an 8 percent return on total sales. He will begin the year with $120,000 in the bank. If there is no increase in sales and all other facts remain the same, what would be Ell's ending cash balance? Ending cash

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