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Galehouse Gas Stations Incorporated expects sales to increase from $1,690,000 to $1,890,000 next year. Galehouse believes that net assets (Assets Liabilities) will represent 65 percent
Galehouse Gas Stations Incorporated expects sales to increase from $1,690,000 to $1,890,000 next year. Galehouse believes that net assets (Assets Liabilities) will represent 65 percent of sales. Her firm has an 11 percent return on sales and pays 35 percent of profits out as dividends. What effect will this growth have on funds
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