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Frisch Fish Corp expects net income next year to be $600,000. Inventory and accounts receivable needs to be increased by $300,000 to accommodate this
Frisch Fish Corp expects net income next year to be $600,000. Inventory and accounts receivable needs to be increased by $300,000 to accommodate this sales level. Frisch will pay dividends of $400,000. How much external financing will Frisch Fish need. Assume no organically generated increase in liabilities?
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1 Net Income Frisch Fish Corp expects net income next year to be 600000 2 In...
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
18th Edition
126409762X, 9781264097623
