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Find the required increase in assets for the year 2013 with the following information. Hint: understand the icomponents of additional funding needed (AFN) Total Assets

Find the required increase in assets for the year 2013 with the following information.

Hint: understand the icomponents of additional funding needed (AFN)

Total Assets for the year 2012: $10M Total net sales for year 2012: $20M

Total net sales for the year 2013: $25M

Possible Choices: $1M; $2M; $3M; $4M; or $5M

I got $5M using a random method.

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