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HBC is expecting sales to increase 15% in 2019. Using the AFN formula, calculate HCB's Additional Funds Needed HBC, Inc. 2018 2018 Sales $900.00 Operating

HBC is expecting sales to increase 15% in 2019. Using the AFN formula, calculate HCB's Additional Funds Needed

HBC, Inc. 2018 2018

Sales $900.00 Operating Assets $1,200.00

Costs $800.00 Operating liabilities $180.00

Pre-tax income $100.00 Debt $600

Taxes $25.00 Shareholder's equity $420.00

Net income $75.00

Dividends $22.50

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