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Frisch Fish Corp expects net income next year to be $598,000. Inventory and accounts receivable will have to be increased by $294,000 to accommodate this
Frisch Fish Corp expects net income next year to be $598,000. Inventory and accounts receivable will have to be increased by $294,000 to accommodate this sales level. Frisch will pay dividends of $393,000. How much external financing will Frisch Fish need assuming no organically generated increase in liabilities? $69,000 $89,000 $109,000 $200,000
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