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hello, im trying to learn off a exam i did poorly on and was hoping for some help. Unanswered Question 19 0/9 pts Forecast your
hello, im trying to learn off a exam i did poorly on and was hoping for some help.
Unanswered Question 19 0/9 pts Forecast your additional funds needed based on the balance sheet below if your most recent annual sales was 8000, your projected sales growth is 13%, your profit margin is 9%, and your dividend payout ratio is 47%. This last year, your plant was operating at 91% of full capacity. If projected sales exceeds our firm's current capacity, then assume that your firm will increase Net Plant & Equipment by 13%. Cash 300 Accounts payable 500 Inventory 1,000 Accrued expenses 500 Accounts receivable 700 Short-Term Notes payable 750 Net Plant & Equipment 3,000 Long-term debt 1,500 500 Common equity Retained earnings 1,250 You Answered Correct Answer 89 margin of error w/- 2% Step by Step Solution
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