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he end of 2 0 2 1 . Carlsbad is at full capacity, so its assets must grow in proportion to projected sales. At the

he end of 2021. Carlsbad is at full capacity, so its assets must grow in proportion to projected sales. At the end illion, consisting of $250,000 of accounts payable, $500,000 of notes payable, and $250,000 of accrued liabiliti precasted to be 5%, and the forecasted retention ratio is 30%. Use the AFN equation to forecast the additional oming year. Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round y
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