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Homework 20 Saved 1 Philip Morris expects the sales for his clothing company to be $660.000 next year. Philip notes that net assets (Assets -

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Homework 20 Saved 1 Philip Morris expects the sales for his clothing company to be $660.000 next year. Philip notes that net assets (Assets - Liabilities) will remain unchanged. His clothing firm will enjoy a 8 percent return on total sales. He will start the year with $260.000 in the bank. What will Philip's ending cash balance be? 2 points Ending cash balance eBook Hint Print

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