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HELP SLM, Inc., with sales of $1,000, has the following balance sheet: It earns 10) percent on sales (after taxes) and pays no dividends. Determine
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SLM, Inc., with sales of $1,000, has the following balance sheet: It earns 10) percent on sales (after taxes) and pays no dividends. Determine the balance sheet entries for sales of $1,500 using the percent of sales method of forecasting, will the firm need external financing to grow to sales of $1,500? Construct the new balance sheet and use newly issued long term debt to cover any financial deficiencyStep by Step Solution
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