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I don't understand the spontaneous liabilities-to-sales ratio. The formula is (spontaneous liabilities)/(Sales). What does that mean? Every $1 of sales equates to x spontaneous liabilities?

I don't understand the spontaneous liabilities-to-sales ratio. The formula is (spontaneous liabilities)/(Sales). What does that mean? Every $1 of sales equates to x "spontaneous liabilities"? Why would that require external financing? Please explain the ratio in layman's terms.  

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