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Galehouse Gas Stations Inc. expects sales to increase from $1,560,000 to $1760,000 next year. Galehouse believes that net assets (Assets - Liabilities will represent 55

Galehouse Gas Stations Inc. expects sales to increase from $1,560,000 to $1760,000 next year. Galehouse believes that net assets (Assets - Liabilities will represent 55 percent of sales. His firm has an 7 percent return on sales and pays 35 percent of profits out as dividends. a. What effect will this growth have on funds? The cash balance wa b. If the dividend payout is only 10 percent, what effect will this growth have on funds? < Prev 17 of 25 !!! Nes > AM 9 e Type here to search X390 5 6 0 w R C T H K J ? G S F E D C M Z > ? Z B AN Puto CM Alt 17 4 points b. If the dividend payout is only 10 percent, what effect will this growth have on funds? 01-59.31 The cash balance will ME G < Prev 17 of 25 III Next > Type here to search 9 E $ 2 3 4 5 6 8 7 Q T w E R A F K ? S G H J •ck ? ? ? ? N NM Al

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